The Limit allows Mainboard issuers to seek a general mandate for an issue of pro-rata shares and convertible securities of up to 100% of its share capital compared to the previous limit of 50%.
See also: GKE renews lease of property with JTC, to deploy funds raised from recent placement
Issuers will have up to Dec 31 to seek or renew a general mandate for the Limit, which will expire at the conclusion of the next annual general meeting (AGM) or on the date where the next AGM has to be convened by law, or when the SGX-ST Mainboard Listing Manual is to be held.
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Shares in SGX closed 8 cents lower or 0.8% down at $10 on March 16.
