SINGAPORE (Aug 23) Singapore Exchange is prone to permit double class weighted voting rights for recorded organizations, after the city-state revised its laws this year to permit such structures, as indicated by two individuals acquainted with the matter.
The arranged move comes after Hong Kong’s stock trade administrator in October scrapped a comparative proposition after resistance from its controller. Hong Kong lost the posting of Alibaba Group Holding, the greatest US IPO on record, in the wake of declining to permit its corporate administration structure.
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