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.
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