Friday 29 Mar 2024
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SINGAPORE (March 28): Singapore Exchange (SGX) is seeking feedback from the public regarding the proposed safeguards to address expropriation and entrenchment risks of dual class shares (DCS) following broad support for the structure in an earlier public consultation.

Currently, SGX is proposing that DCS companies should meet the existing Mainboard admission criteria and satisfy the exchange on their suitability to list.

In an aftermarket announcement on Wednesday, SGX said some of the factors it would consider include the role and contribution of the holder of multiple vote (MV) shares, the business model and whether sophisticated investors have participated in the company... (Click here to read the full story)

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