Singapore will allow companies to issue different classes of shares to help its stock exchange to compete for new listings and the country to maintain its competitiveness as a financial centre.
"Companies will be allowed to issue non-voting shares and shares carrying multiple votes if their articles allow it and subject to certain safeguards," the Ministry of Finance said in a statement on Wednesday.
"This will give companies greater flexibility in raising capital, and meet different investor preferences." Full story
Related:
Singapore to allow dual-class shares to attract listings - The Malaysian Insider
Singapore to Allow Dual-Class Share Structure for Public Companies - FoxBusiness
