SGX launches consultation on dual-class shares

Singapore

THE Singapore Exchange (SGX) could propose changes to the listing rules as early as the third quarter of this year if it perceives market "consensus" on the introduction of dual-class shares (DCS), the market regulator said on Thursday.

But early responses to a public consultation launched on Thursday suggest much work ahead in building any kind of broad agreement about whether and how to allow DCS structures on the stock exchange.