Singapore court blocks bond sale by Brazil pulp maker Eldorado
Add BT as a preferred source[SAO PAULO] A court in Singapore blocked on Thursday the sale of bonds by Brazil's pulp maker Eldorado Brasil Celulose SA, saying the firm must clarify information on its offering prospectus, according to documents seen by Reuters.
Eldorado did not immediately comment. On Wednesday, the company had said that the financial information contained in its bond prospectus is accurate, following a complaint by a shareholder that alleged to the US Securities and Exchange Commission that it contained "material inaccuracies."
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Apex court rejects resulting trust claim in 99-1 condo dispute
Singtel seeks clarity on participating in telco consolidation after M1-Simba fallout; weighs Reit IPO
