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SGX’s dual-class shares proposal gets go signal from listing committee

Singapore Business Review

The risky scheme will undergo corporate governance safeguards.

Singapore Exchange’s bid to allow dual-class shares for listed companies has secured the consent of its listing advisory committee.

According to a report by Bloomberg, SGX is trying to entice international businesses by having weighted voting rights permitted in the city-state. The scheme, however, will be subject to various corporate governance safeguards to limit risks inherent in such structures.

The proposal may help Singapore catch up with Hong Kong, currently the biggest market for new listings in Asia.

Minority-control voting structures are not allowed in Hong Kong.

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Read the full report here.



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