Only small number of dual-class listings expected

Singapore

THOSE concerned that the Singapore Exchange (SGX) will experience a flurry of dual-class (DC) listings need not worry as the number is expected to be very small, while the overwhelming number of new listings is expected to be of the normal one-share, one-vote variety.

"Reading all the news reports and comments in the media, you get the impression that there is a flood of DC companies waiting in the wings to list on SGX," said the chairman of SGX's Listings Advisory Committee (LAC), Gautam Banerjee, in a Tuesday press interview.

"This is not the case. We have no such candidates waiting and I don't know when we will receive such applications. Eventu…