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SGX raises renounceable rights issue cap to 100% of share capital

Dannon Har Published on Mon, Mar 13, 2017 / 8:03 PM GMT+8

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SINGAPORE (March 13): The Singapore Exchange (SGX) has raised the cap for companies seeking a general mandate for an issue of pro-rata renounceable rights from 50% of its share capital previously to 100%.

The rights shares arising from the enhanced rights issue limit must be listed and issued by December 31, 2018.

SGX stated in a release on Monday that the enhanced rights issue limit is aimed at helping companies raise funds expediently for expansion activities or working capital.

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