Alvin Tan on Exchanges (Demutualisation and Merger) (Amendment) Bill
SEL Holdings (SEL) will be able to participate in corporate actions taken by Singapore Exchange (SGX) to receive new shares under the Exchanges (Demutualisation and Merger) (Amendment) Bill. SEL, a special purpose company designated to hold a portion of original SGX shares from the Bill's enactment, will treat newly obtained shares in the same manner as the original shares. Minister of State for Trade and Industry Alvin Tan outlined the key changes during the second reading of the Bill in Parliament on Tuesday (Jan 11). He said any dividends, proceeds or expenses incurred from the management or transaction of newly obtained shares will be accrued to the Financial Sector Development Fund.
SEL Holdings (SEL) will be able to participate in corporate actions taken by Singapore Exchange (SGX) to receive new shares under the Exchanges (Demutualisation and Merger) (Amendment) Bill. SEL, a special purpose company designated to hold a portion of original SGX shares from the Bill's enactment, will treat newly obtained shares in the same manner as the original shares. Minister of State for Trade and Industry Alvin Tan outlined the key changes during the second reading of the Bill in Parliament on Tuesday (Jan 11). He said any dividends, proceeds or expenses incurred from the management or transaction of newly obtained shares will be accrued to the Financial Sector Development Fund.
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