Most of the time I can only see SGX questioning the company when the share price of any counter went up unexpectedly. The best part of it, the STANDARD QUESTIONS are asked every time without fail and most of the company replied with also the STANDARD ANSWERS (Most probably they already prepared this well before hand anticipating the questions which are SO SO SO STANDARD).    

Besides this, I hardly see SGX doing more than this. 

I agree with wishbone and beruangface.  By right SGX has a responsibility to fulfill.

But then things always go left.....SGX is only good at imposing hefty fines to law abiding ppl like us who sometimes forget and over sell. 

Even the Singapore law cannot bring a Romanian criminal to justice  what more can SGX do to China companies who flaunt the listing  rules.....haha

how much u r holding.i hold 10 lots..

hai..china sport also not moving.mkt not to gd these days.

As shareholders, we are relying on the company BODs and management to manage the company with integrity, we choose to buy after relying on the financial statements and the auditors report, if the figures are accurately presented, we have no one to blame but ourselves if the company falls into financial difficulty. However in this case, it's clearly the cash is overstated, that's the reason why CM can't pay its bondholders. If the external auditors signed off the financial statements for the past few years without getting any external bank confirmation, isn't they are not performing their duty according to the professional standards? As I said, SGX can pretend nothing has happened, as their main objective is to get as many companies to list on SGX and earn the best listing fees in the region, they are just another private company, maybe it's time for the government to relook into this issue seriously and question whether a private company can be a watchdog and protect the innocent shareholders like us..

I second your view. SGX should do something about it.

However, after the financial crises, many authourities have a way to put some clauses to fan off their responsibility...sigh!!

As shareholders, we are relying on the company BODs and management to manage the company with integrity, we choose to buy after relying on the financial statements and the auditors report, if the figures are accurately presented, we have no one to blame but ourselves if the company falls into financial difficulty. However in this case, it's clearly the cash is overstated, that's the reason why CM can't pay its bondholders. If the external auditors signed off the financial statements for the past few years without getting any external bank confirmation, isn't they are not performing their duty according to the professional standards? As I said, SGX can pretend nothing has happened, as their main objective is to get as many companies to list on SGX and earn the best listing fees in the region, they are just another private company, maybe it's time for the government to relook into this issue seriously and question whether a private company can be a watchdog and protect the innocent shareholders like us..

I do agree with your points but just wonder with now so many S-chips being suspended (quite similar happening leading to their suspension one after another), does this give an indication that something is terribly wrong somewhere in which more efforts should be put in place to safeguard the investors. 

I think many investors or traders are fully aware of the risk in trading shares. Losing money is part of the game when you are on the wrong side, but total capital lost due to suspension is something many are frustrated with. Surely something must be done to minimise this if total elimination is impossible.

Nothing lor. There is no such thing as capital guaranteed. You took risk to buy the company so now pay the price. External auditors don't vet through every single transaction nor do they provide complete assurance. They merely express an opinion to prevent any legal challenges if they are wrong. It is not SGX job to vet through the finances of the 700 companies listed here.