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ARTICLE · 08 FEBRUARY 2018

Dual Class Share Listings

Withers LLP
Withers LLP
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Both the Singapore and Hong Kong markets are keenly watching in anticipation the coming into play of dual class shares ('DCS') and the effect it will have on the growth of the stock market scene in Asia.

Hong KongFinance and Banking
Farhana Siddiqui
Farhana Siddiqui
Polly Chu
Polly Chu
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1. Introduction

Both the Singapore and Hong Kong markets are keenly watching in anticipation the coming into play of dual class shares ('DCS') and the effect it will have on the growth of the stock market scene in Asia.

While awaiting the results of the consultation and the publication of the exact requirements, in view of the adoption in Hong Kong, it is timely to consider the proposals in both markets.

Clients who wish to discuss the feasibility of DCS structures should contact Farhana Siddiqui and Polly Chu for a detailed discussion.

2. Proposals in Singapore

As mentioned previously, on 16 February 2017, Singapore Exchange Limited ('SGX') released a consultation paper on the 'Possible Listing Framework for Dual Class Share Structures', seeking public views regarding broad policy considerations on whether to introduce a listing framework for DCS structures in Singapore ('DCS Framework'), and the possible proposals and safeguards should a DCS Framework

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