As part of a push to create shareholder value, and amidst an increasing number of shareholders requisitioning for general meetings to table resolutions, the Singapore Exchange Regulation ("SGX Regco") has proposed amendments to the Listing Rules (Mainboard) and Listing Rules (Catalist) (together, "Listing Rules"), and launched a public consultation seeking comments on the proposed rules.
In this article, our team explores the rationale for the proposed rule, the requisition of general meetings under the Singapore Companies Act, the current challenges faced by requisitioning shareholders and the proposed rule change.
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