Smiling billionaire: A file picture shows Alibaba founder Jack Ma smiling as he waited for trading to start at the New York Stock Exchange on Sept 19, 2014. The concept of dual-shares has gained traction in this part of the world largely due to this listing. — AFP
THE issue of dual-class shares has come closer to home. Just about a week ago, Singapore Exchange Ltd (SGX) said it was jumping on the bandwagon, preparing to allow for the listing of such shares on its stock exchange.
This move comes hot on the heels of a similar decision by Hong Kong last month.
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