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Eight other companies found to have tweaked their charters to allow dual-class shares

After SGX raised the issue with Chew's Group, it has sent reminder to companies that DCS provisions are premature

An eighth company, Sunright, had a similar provision that "empower(s) it to convert one class of shares into another class of shares by special resolution"


IT would seem that Chew's Group was just following the example of other Singapore listed companies when it attempted to amend its constitution this month to permit itself to issue dual-class shares (DCS).

The Business Times has learned that a sizeable number of other...

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