SGX okays dual-class shares for secondary listings

Ms Stefanie Yuen Thio, Managing Partner of TSMP, shared her positive feedback on the SGX’s initiative to allow dual class share companies listed on reputable stock exchanges, to launch a secondary listing on SGX-ST.

“Given that the primary listing exchange has to be one of the approved ones, and knowing the level of scrutiny that our regulators will apply to such a new initiative, I’m confident that the safeguards will be enough to protect the market.”

In an increasingly sophisticated market, she cautioned that Block Chain and Cryptocurrency offerings must also be considered, adding that “investor education and selective updating of our regulatory regime to cater to innovative structures need to be regulatory imperatives.”

Read more at The Business Times

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