Singapore Exchange said to consider dual-class share structures

SINGAPORE (Aug 23) Singapore Exchange is likely to allow dual-class weighted voting rights for listed companies, after the city-state amended its laws this year to allow such structures, according to two people familiar with the matter.

The planned move comes after Hong Kong’s stock exchange operator in October scrapped a similar proposal after opposition from its regulator. Hong Kong lost the listing of Alibaba Group Holding, the biggest US IPO on record, after refusing to allow its corporate governance structure.

In the US, companies with more than one type of share, including Google Inc. and Facebook Inc., are subject to more stringent reporting requirements and shareholders have the ability to band together on lawsuits.

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