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Better to have no safeguards at all for dual class shares, says Aberdeen

Tuesday, November 22, 2016 - 05:50

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The Singapore Exchange is currently considering the pros and cons of amending its Listing Rules to allow DCS companies to offer their shares here.

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"We shouldn't allow such companies here in the first place but if you have to have them, just do away with the safeguards, otherwise no one will come", says Mr Simith

Singapore

FUND managers are against the idea of dual class shares (DCS) but if the authorities here were to allow companies with DCS structures to list here, then according to Aberdeen Asset Management Asia head of corporate governance David Smith, it would be better not to have any

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