Singapore Sets Rules for New SGX-Nasdaq Dual Listing Venue

Singapore has announced rules for a new dual-listing mechanism for companies as part of a push by the city-state to bolster local equities.

Companies only need to prepare a single set of offer documents to list simultaneously on Nasdaq Inc. and Singapore Exchange Ltd.’s Global Listing Board, the Monetary Authority of Singapore said Thursday.

The timelines for companies’ debuts on both the bourses will be aligned, according to a separate statement by SGX. The board is on track to launch middle of this year.

It’s the latest effort by authorities to rejuvenate the local stock market which has seen delistings ...