Delisting from SGX not on the agenda so far: Ying Li
China developer says shares at depressed valuations due to market issues, not management issues
Singapore
DESPITE its peers in China trading at far richer valuations, Singapore Exchange (SGX)-listed Chongqing commercial developer Ying Li International Real Estate has no intentions of delisting from Singapore so far, executive chairman Fang Ming told The Business Times.
Shares have been at depressed valuations because of market issues, not management issues, Mr Fang said of his company which recently expanded into Beijing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Orchard acquires 49% stake in UK-based purpose-built student accommodation operator for £17.6 million
Nestle sales growth sputters on US slump, vitamin snags
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion