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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

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Published Mon, Mar 13, 2017 · 09:50 PM

    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 31 December 2018," said SGX.

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