Singapore follows Hong Kong in chalking out rules for dual-class shares offering

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

Singapore Exchange launched new rules on Tuesday to allow firms to list with dual-class shares, shortly after rival Hong Kong exchange introduced such funding structures favoured by tech firms.

Dual-class shares offer extra voting power to top executives seen as protection against pressure for short-term returns, but have faced criticism by corporate governance activists who have warned the structure could be abused by company insiders.

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