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Chen Yih Pong

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The Singapore Exchange Securities Trading Limited (“SGX”) may soon allow the listing of companies with different classes of shares, in a bid to attract more initial public offerings (“IPOs”) to Singapore. A dual-class share structure gives certain shareholders voting power or other related rights disproportionate to their shareholdings. Such a structure allows certain holders of shares multiple votes, and grants such holders greater voting rights without the corresponding financial investment risk. Read our client alert…

The Singapore Exchange (SGX) has reduced the standard board lot size of securities listed on SGX from 1,000 to 100 units as of 19 January 2015. The reduction will apply to ordinary shares, including shares traded on GlobalQuote, real estate investment trusts, business trusts, company warrants, structured warrants and extended settlement contracts. Existing counters which are listed on the SGX with board lot sizes of 100 or less units will remain unchanged. Counters with a…