This will allow firms that are already listed on the SGX to list their stocks in a second currency without having to launch a second initial public offering (IPO) or issuing new shares.
Hutchison Port Holdings (HPH) Trust will be the first Singapore-listed firm to take advantage of the new rule: From April 2, it will be listed in both US and Singapore dollars.
"It will benefit investors who can now choose to trade in their preferred currencies, while companies and issuers can enjoy the flexibility and potential added liquidity of having their securities trading in two currencies," said SGX chief executive Magnus Bocker.
The securities will be fungible. This means an investor can buy HPH Trust units in US dollars but sell them later in Singdollars, and vice versa," he added
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