Is Singapore ready for dual-class shares?

In the light of the Hong Kong bourse's recent decision, the Republic should grab the opportunity to take the plunge and forge ahead.

Published Tue, Oct 13, 2015 · 09:50 PM

ON OCT 6, Britain's Financial Times (FT) reported that the Hong Kong Stock Exchange (HKEx) "scraps plan to woo Chinese tech groups with dual-class share rules". The Securities and Futures Commission of Hong Kong had announced that it will not support proposals to allow HKEx-listed companies to have dual-class shares.

This comes in the face of loud corporate clamouring for the listing rules to be relaxed. In September 2014, Alibaba Group launched its US$25 billion initial public offering in New York, setting a record for the biggest IPO in global corporate history.

At the time, it was reported that Jack Ma had considered HKEx as a listing ven…

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