To help support listed issuers and their fund-raising efforts amid the challenging business and economic climate due to the COVID-19 pandemic, Singapore Exchange Regulation (“SGX RegCo”), in consultation with the Monetary Authority of Singapore, announced on 8 April 2020 (please refer to our previous update here) a temporary increase in the upper limit for pro rata issue of shares and convertible securities under a general mandate pursuant to Mainboard Rule 806(2) from 50% to 100% (based on the issuer’s total number of issued shares, excluding treasury shares and subsidiary holdings) (“Enhanced Share Issue Limit”), subject to certain conditions. This measure was stated to be in force until 31 December 2021. Click here to read.