Positive reaction to market reforms opens door to broader enhancement of growth capital sector

The result could be a bigger pipeline of new listings, and some struggling listed companies going private

Back in November, this column said the Monetary Authority of Singapore (MAS) ought to slow-walk the allocation of billions of dollars to fund managers under the Equity Market Development Programme (EQDP).

With stock valuations becoming stretched, and growing concerns of a global market sell-off, the dry powder would have helped stave off potential volatility in the local market.

It seems that I was worrying about nothing.

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