Stefanie Yuen Thio comments in IFR Asia: “SGX introduces weighted voting rights”

In an article that looks at the new rules introduced by the SGX that allows companies with dual-class shares to list, on the back of similar moves by Hong Kong earlier, Stefanie Yuen Thio said: “The Hong Kong rules are certainly a little bit more restrictive. They appear to have been drafted with a certain type of company in mind. Singapore has been thinking about this framework for a long time and the rules are drafted to provide more flexibility. Ultimately though, the exchange will decide which companies will be able to list. The companies will need to prove to the exchange that they need the growth capital and satisfy all the other criteria.” The article may be found here (behind paywall): http://www.ifre.com/singapore-introduces-weighted-voting-rights/21346546.article

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