SGX introduces measures to facilitate equity fund raising through rights issues

For more information, contact Leonard Ching (leonard.ching@allenandgledhill.com) and Tan Tze Gay (tan.tzegay@allenandgledhill.com).

On 12 January 2009, the Singapore Exchange Limited (the SGX), in consultation with the Monetary Authority of Singapore (the MAS), announced new measures to allow listed issuers greater flexibility in raising funds through the rights issue framework. These measures are a follow-up to the first equity fund raising announcement issued by the SGX on 19 December 2008.