Dual class shares won't quench need for liquidity: Bloomberg

Singapore unveiled a dual class share structure for listings a month after Hong Kong did.

According to Bloomberg, Singapore is racing Hong Kong to the bottom in weakening shareholder rights.

The city-state's exchange said Friday it will allow companies with dual class share structures to list, a month after Hong Kong announced a similar proposal.

The idea is to entice new-economy companies, but joining the dual-class-share club won't improve the one thing Singapore needs more of: liquidity. In 1999, Hong Kong's daily average turnover was 2.6 times that of Singapore; last year, it was 13 times higher.

Read the full report here.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.