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Adequate disclosures required for 'death spiral' convertibles: SGX

Shareholders must be informed of the risks and directors must give opinion on proposed deal

Singapore

COMPANIES that plan to issue "death spiral" convertible bonds must adequately inform shareholders about the risks, and directors must give a fiduciary opinion on a proposed deal, Singapore Exchange (SGX) chief regulatory officer Tan Boon Gin said on Thursday.

Writing in

sentifi.com

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