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MAS revises takeover rules for dual-class shares

Independent shareholders will not be required to make a general offer if their share of voting rights is pushed past regulatory thresholds under certain circumstances

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The Monetary Authority of Singapore (MAS) has revised Singapore's Code on Take-overs and Mergers to clarify that independent shareholders of dual-class companies will not be required to make a general offer if their share of voting rights is pushed past regulatory thresholds under certain circumstances.

Singapore

THE Monetary Authority of Singapore (MAS) has revised Singapore's Code on Take-overs and Mergers to clarify that independent shareholders of dual-class companies will not be required to make a general offer if their share of voting rights is pushed past regulatory thresholds...

sentifi.com

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