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SGX allows general mandate for rights issues at 100% of share capital

Move allows quick raising of funds amid challenges; rights shares from enhanced limit must be listed by end-2018
Tuesday, March 14, 2017 - 05:50

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The SGX cautions that companies must make clear the purpose of the rights issues, which are dilutive for existing investors.

Singapore

SINGAPORE Exchange (SGX) on Monday said companies would be allowed to seek a general mandate to issue pro-rata renounceable rights shares of up to 100 per cent of share capital.

"The rights shares arising from the enhanced rights issue limit must be listed and issued by

sentifi.com

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