Deals
Singapore’s Dual-Class Shares Change Looks Like Just a First Step
- Listing advisory committe votes in favor of structure
- Dual-class shares will be subject to governance safeguards
Singapore Backs Dual-Class Shares
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Singapore’s stock exchange won approval from its listing advisory committee to allow dual-class shares, as it seeks to lure international businesses.
Companies will be permitted to have weighted voting rights, subject to various corporate governance safeguards to mitigate the inherent risks of such structures, according to the report by Singapore Exchange Ltd.’s committee published Monday.