--- title: "Dispute over the additional share plan: Stamford Land claims HKD 1.88 million from UOB | Lianhe Zaobao" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275425611.md" description: "Local listed company Stamford Land Corporation has filed a lawsuit against UOB, claiming SGD 1.88 million, accusing the bank of breaching its duties in its 2021 rights issue plan. Stamford Land raised SGD 238.9 million in the plan and paid UOB a service fee of SGD 150,000. The core of the lawsuit involves Rule 877(10) of the Singapore Exchange (SGX) Mainboard Listing Rules, which requires prioritizing the rights of minority shareholders. Some minority shareholders expressed dissatisfaction with the allocation plan, leading the SGX to initiate disciplinary proceedings" datetime: "2026-02-10T08:32:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275425611.md) - [en](https://longbridge.com/en/news/275425611.md) - [zh-HK](https://longbridge.com/zh-HK/news/275425611.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275425611.md) | [English](https://longbridge.com/en/news/275425611.md) # Dispute over the additional share plan: Stamford Land claims HKD 1.88 million from UOB | Lianhe Zaobao Local listed company Stamford Land Corporation has initiated a lawsuit against UOB, alleging that the bank violated its duties regarding Stamford Land's 2021 rights issue plan and is seeking compensation of SGD 1.88 million. When implementing the rights issue plan in 2021, Stamford Land appointed UOB as the issuing manager and paid the latter a service fee of SGD 150,000. In this rights issue plan, Stamford Land raised a total of SGD 238.9 million. The core of the aforementioned lawsuit or claim revolves around Rule 877(10) of the Mainboard Listing Rules of the Singapore Exchange (SGX). This provision stipulates that during the allocation of any additional rights shares, companies should prioritize small shareholders holding odd lots before considering directors, major shareholders, and related parties who have an influence on daily affairs. Odd lots refer to shares that do not meet the standard trading lot size. On the Singapore Exchange, the standard trading lot size is 100 shares. However, some small shareholders were dissatisfied with Stamford Land's allocation plan and filed complaints. The Singapore Exchange also initiated Listings Disciplinary Committee Proceedings against Stamford Land, indicating that the company violated regulations. Ultimately, the Singapore Exchange and Stamford Land reached a settlement, and in mid-December 2023, a statement was issued indicating that Stamford Land relied on UOB's professional advice when deciding how to allocate the additional rights shares. According to the aforementioned claim, Stamford Land accuses UOB of failing to verify whether Stamford Land's allocation proposal complied with the listing rules. As a result, Stamford Land is requesting UOB to compensate for the legal fees and related costs arising from the disciplinary proceedings initiated by SGX RegCo. UOB, on the other hand, denies any "gross negligence," claiming that Stamford Land had agreed to the bank's interpretation of Rule 877(10) of the listing rules. The bank further stated that the relevant regulations do not require that all small shareholders' applications be satisfied before allocating any additional rights shares to directors or major shareholders. The bank also pointed out that Stamford Land had engaged a business consulting firm as an advisor, which proposed various allocation schemes for the additional rights shares. As of Tuesday at 4:10 PM, Stamford Land was trading at SGD 0.50, unchanged; UOB rose 0.34% to SGD 38.83 ### 相關股票 - [Stamford Land (H07.SG)](https://longbridge.com/zh-HK/quote/H07.SG.md) - [UOB (U11.SG)](https://longbridge.com/zh-HK/quote/U11.SG.md) ## 相關資訊與研究 - [UOB prices $933m 3-year Panda bonds at 1.83%](https://longbridge.com/zh-HK/news/279757196.md) - [UOB remains upbeat on Việt Nam’s economic outlook despite global uncertainty](https://longbridge.com/zh-HK/news/279042235.md) - [United Overseas Bank Posts FY NIM 1.89%](https://longbridge.com/zh-HK/news/276655770.md) - [How United Overseas Bank's Q3 2025 Earnings Insights Will Impact Investors (SGX:U11)](https://longbridge.com/zh-HK/news/266244681.md) - [United Overseas Bank Files for Singapore Listing of GBP750 Million Worth of Bonds](https://longbridge.com/zh-HK/news/268891793.md)