De-listed companies could receive a new lease of life by being listed on a separate board, the so-called third board, says Neoh.
There are numerous supervisory and disclosure issues, he comments, but something has to be worked out as shareholders of de-listed companies have a right to transfer their shares in an orderly manner, be it through sale and purchase, gift or succession.
For example, securities firms could host an over-the-counter-market for an individual de-listed stock under the...
