SGX to launch dual class shares

The products could be launched by 1H2018, with an initial focus on new economy companies.

The Singapore Exchange (SGX) said its plans to launch dual class shares and expects the first dual class listings soon.

CIMB Research, which attended SGX's briefing, said the company plans to launch the products by the first half of 2018, with an initial focus on new economy companies.

OCBC Investment Research, which also came to the briefing, said SGX also plans to launch Indian single stock futures.

"In terms of pipeline and mandates, indication is that this is healthy and likely to be better than 2017. This is in addition to what was already previously launched including Daily Leverage Certificates," said OCBC analyst Carmen Lee.

The exchange is also working on its collaboration and connectivity and this included its previously announced presence in Chicago.

According to CIMB, fixed income trading is expected to exceed US$1b, and an upcoming $1b-2b medium term note (MTN) programme could come in handy for potential synergistic mergers and acquisitions (M&A).

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