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Poll shows mixed support for dual-class shareholding structures

Pollster CFA Institute says mandated time-based sunset clauses on DCS structures can protect minorities' interest

Published Tue, Oct 9, 2018 · 09:50 PM

Singapore

SINGAPORE and Hong Kong both revamped their listing rules to allow the use of dual-class shareholdings (DCS) in initial public offerings this year, citing support from a "majority" of stakeholders in their latest round of consultation.

But a new poll of 454 investment professionals in the Asia-Pacific region suggests that DCS remains an emotive debate, with support for and opposition to DCS pretty much split down the middle.