Business shifts and RTOs cause concern; “It’s better if the authorities can do adequate due diligence beforehand.”
October 11, 2013 Leave a comment
Business shifts and RTOs cause concern
Friday, Oct 11, 2013
Reuters
Reverse takeovers and shifting business strategies involving firms on Singapore’s stock market have come under the spotlight in the wake of the recent collapse in share prices of three companies listed on South-east Asia’s biggest bourse. One of the companies, Blumont Group, lost as much as $6.2 billion in market value in the past week. Prior to that, it had surged as much as 12-fold this year, making it Singapore’s top performer. The company, which listed in mid-2000, has shifted its focus between investment (most recently in mining companies), property development and sterilised-food and medicine packaging. Read more of this post











