SGX seeks public feedback on proposed safeguards for dual class share listings

SINGAPORE (Mar 28): Singapore Exchange (SGX) is seeking feedback from the public regarding in the final consultation stage of the proposed safeguards to address expropriation and entrenchment risks in the listing of dual class shares (DCS).

SGX plans to allow firms with an expected market capitalisation of $300 million to list with DCS structure, versus an earlier proposed threshold of $500 million. This could give Singapore an advantage over Hong Kong, which is mulling a market cap of at least HK$10 billion ($1.6 billion).

It said companies must meet its entry criteria for the Mainboard, which means Catalist-listed firms are exempt.

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