SGX aims to strike a balance in review of dual-class shares

Singapore

AS a major capital market, Singapore cannot ignore the demands for a dual-class share structure, but this has to be weighed against the interests of investors, chief executive of SGX RegCo Tan Boon Gin said on Thursday.

He told The Business Times in an interview that the Singapore Exchange (SGX) has received wide-ranging feedback and suggestions on dual-class shares - a controversial structure which gives a small group of shareholders, typically owners and founders, greater voting power and rights disproportionate to the size of their shareholding.

"We have receive…