As per singapore companies act where shares of company has only one class, aggregate number of shares held as treasury should be
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less than or equal to 10% of total shares.
Explanation:
At a given point of time, if a company in Singapore has only one class of shares, then the aggregate number of shares that is held by the company or its subsidiaries should not be more than ten percentage of the total number of shares that is being held by the company.
This is in accordance with section 76(I)-Treasury shares : Maximum holdings of Companies Act of Singapore.
Hope it helps.
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