iPhone | iPad
Android
Huawei
Insurance brokers estimated that approximately 100,000 vehicles in the country were affected by the rains
KT APPDOWNLOAD
Singapore to allow dual-class shares to attract listings
SINGAPORE - Singapore will allow companies to issue different classes of shares to help its stock exchange to compete for new listings and the country to maintain its competitiveness as a financial centre.
“Companies will be allowed to issue non-voting shares and shares carrying multiple votes if their articles allow it and subject to certain safeguards,” the Ministry of Finance said in a statement on Wednesday.
“This will give companies greater flexibility in raising capital, and meet different investor preferences.”
British soccer team Manchester United chose to list its shares in New York in August after initially considering the Singapore Exchange.
Difficulties in obtaining approval for its dual-class share offer in Singapore was cited as a major reason for the change in listing venue.
Singapore’s Ministry of Finance said that the changes to its Companies Act was aimed at maintaining the city state’s competitiveness as a business hub as well as to reduce regulatory burden for companies and improve the corporate governance landscape.
Other changes to the Act included provisions that will exempt more small and medium-sized companies from performing an audit and lower their cost of compliance.
More news from
The all-rounder made his RCB debut in Hyderabad last month and has since gone on to be part of each of their six smashing wins on the trot
Team manager Wahab Riaz, captain Babar Azam and assistant coach Azhar Mahmood welcomed the new head coach
Gambhir opened up about his relationship with the megastar and shocked everyone by saying that the two never talk about cricket
His match with Hanfmann will resume on Tuesday and the winner will face Djokovic on Wednesday
AS Roma forward Dybala is the big absentee after several injuries that have ruled him out of previous internationals
Funeral procession of deceased president Raisi to take place in Tehran on Wednesday morning; military chief orders probe into chopper crash
Slot has been in charge of Dutch club Feyenoord since 2021, and won the Eredivisie league title in 2022-23 along with the KNVB Cup this season