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Revisions

SGX seeks feedback for changes in continuous disclosure requirements

Chan Chao Peh Published on Thu, Dec 07, 2017 / 5:10 PM GMT+8

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SINGAPORE (Dec 7): The Singapore Exchange has proposed changes in three broad areas involving continuous disclosure requirements.

Listed companies undertaking a rights issue must now include a directors’ statement on why issuing new shares to raise funds is in its best interest of its shareholders.

Besides stating upfront principal terms of the rights issue, any discount given in the issue price of the new shares will also have to be justified.

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