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Ambiguous statements by Hwa Hong directors not helpful for investors

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Raphael Lim

Raphael Lim

Published Wed, Jul 13, 2022 · 05:50 AM
    • Sanjuro United in May launched an offer to privatise property group Hwa Hong, which owns Allen House (pictured) in London, at S$0.37 per share, and upped the offer to S$0.40 in June.
    • Sanjuro United in May launched an offer to privatise property group Hwa Hong, which owns Allen House (pictured) in London, at S$0.37 per share, and upped the offer to S$0.40 in June. PHOTO: GOOGLE MAPS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SHAREHOLDERS of Hwa Hong Corporation have been very poorly served by the property player's disclosures.

    An entity called Sanjuro United in May launched an offer to privatise Hwa Hong at S$0.37 per share, and upped the offer to S$0.40 in June.

    Throughout the process, disclosures by the company appear designed to muddy any conclusions investors might form on their own.

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    hwa hongPrivatisationSecurities and Futures ActReal estate

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