Field notes on Singapore capital markets.
Selected writing on share-backed financing, disclosure, the Take-over Code, and ownership — drawn from the way SGX-listed positions actually behave.
What we have learned structuring against SGX shares.
These notes are written for shareholders, founders, and advisers thinking carefully about liquidity. Each one stays close to the mechanics of the Singapore Exchange — the rules, the markets, the disclosure regime, and the structures that decide what a Singapore share can actually do as collateral.
CDP Custody & Share Charges
How pledged SGX shares are held — CDP direct versus sub-account custody, beneficial ownership, and corporate actions during a charge.
Read →Tenor, Interest & Servicing
How the term, rate, and servicing of a Singapore stock loan are set — tenor and rollover, prepaid versus periodic interest, and repayment.
Read →Locked-Up & Moratorium Positions
Liquidity for founders and pre-IPO investors around an SGX moratorium — what a facility can and cannot do, and why counsel comes first.
Read →Substantial-Shareholder Disclosure Under the SFA 2001
The 5% rule, the two-business-day notification, and how a share charge interacts with the SFA 2001 disclosure regime.
Read →The 30% Takeover Threshold
How pledging and enforcement near 30% can implicate the Singapore Code on Take-overs and Mergers.
Read →S-REIT Financing: LTV & Distributions
How the S-REIT unit structure and its distributions shape collateral treatment and indicative LTV.
Read →The Quiet Liquidity
Raising capital from a concentrated SGX position without disturbing the share register or signalling to the market.
Read →LTV & Volatility
What actually sets the loan-to-value on an SGX-listed share — liquidity, free float, and how a price moves.
Read →Recourse Profiles
The recourse profiles in Singapore share-backed financing — and why the choice shapes everything that follows.
Read →Family-Business Succession on SGX
How stock loans interact with succession and control in Singapore family-owned listed companies.
Read →A position is easier discussed than described.
If a note here speaks to your situation, the next step is a confidential conversation. A senior principal will reply — usually within one business day.