<article><a href="http://www.dealstreetasia.com/tag/sgx" target="_blank">Singapore Exchange</a> is set to allow dual-class voting right for listed companies while <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/hlh-group/" target="_blank">HLH Group</a> raises S$3.6 million by placing out new share.</article>

<a href="http://www.dealstreetasia.com/tag/sgx" target="_blank">Singapore Exchange</a> is set to allow dual-class voting right for listed companies while <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/hlh-group/" target="_blank">HLH Group</a> raises S$3.6 million by placing out new share.
<h3 style="text-align: justify;">SGX poised to allow dual-class share listings</h3>
Singapore Exchange (SGX) is close to allowing dual-class voting rights for listed companies, following legal reform aimed at increasing the nation&#8217;s ability to compete for initial public offerings (IPO).
The change could create a <a href="http://www.businesstimes.com.sg/stocks/sgx-close-to-allowing-exceptions-for-dual-class-share-listings" target="_blank">practical pathway</a> to a dual-class listing after the Companies Act was amended in 2014 to allow multiple-class share structures.
The strategic move comes after rival Hong Kong Exchanges &amp; Clearing was forced to drop plans to allow dual-class shares after the Hong Kong Securities and Futures Commission intervened in 2015.
Hong Kong lost <a href="http://www.dealstreetasia.com/?s=Alibaba+Group+Holding" target="_blank">Alibaba Group Holding</a>&#8216;s IPO to the US, its biggest to date, over the commerce giant&#8217;s corporate governance structure.
SGX has been struggling to attract big listings and has introduced rules to attract more public companies. These include allowing the listing of resource firms without an earnings track record and dual-currency trading for stocks and exchange-traded funds.
In 2012, Manchester United shifted its IPO from Singapore to New York to allow the Glazer family to continue control through a dual-class structure.
SGX&#8217;s listing advisory committee, is expected to recommend allowing dual-class shares in the coming weeks, says two people familiar with the matter. T
SGX is also expected to publish its report before its annual general meeting on September 22.
<h3 style="text-align: justify;">HLH Group places 600 million shares to raise S$3.6</h3>
Agriculture and property firm HLH Group <a style="color: #000080;" href="http://www.theedgemarkets.com.sg/sg/article/hlh-group-raises-36-mil-share-placement-individual-investor" target="_blank">will place 600 million</a> new shares in a private placement intended to raise S$3.6 million for general working capital purposes.
In an announcement on Monday, HLH group disclosed that it had entered into a share subscription with new investor Goi Kok Neng to issue 600 million new ordinary shares. This represents an estimated 9.7 per cent of the enlarged issued share capital of the firm at 0.6 cents each. Goi is neither a director nor a substantial shareholder of the company.
According to HLH Group, the agriculture and property conglomerate, the latest infusion of funds may be deposited with banks or invested in short-term money markets,
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SG Dealbook: SGX considers dual-class share listings; HLH Group raises S$3.6m

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SG Dealbook: SGX considers dual-class share listings; HLH Group raises S$3.6m

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