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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
