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Companies can't wait until short-sellers strike to build defences

A view of Singapore Exchange building (SGX) at the financial district in Singapore on August 25, 2015.

TAN Boon Gin, the Singapore Exchange's (SGX) new chief regulatory officer, recently urged companies to res- pond quickly if they come under attack by short-sellers.

That advice, while sound, unfortunately makes a difference only to those companies that have already earned the market's

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