A case of disclosure lapse by CNQC?

CNQC (South Pacific), known for developing mass-market condominiums and executive condominiums in Singapore under the "Qingjian Realty" brand, underwent a backdoor listing in Hong Kong without any apparent glitch this month.

The exercise saw Hong Kong-listed building contractor CNQC International making a reverse takeover of CNQC (South Pacific) and its subsidiaries from Guotsing Holding (South Pacific) Investment Pte Ltd or in short, Guotsing SG.

But there appears to be a major omission in the disclosures by CNQC International, relating to an ongoing law suit in Singapore involving Qingjian Realty and other affiliated parties suing two Singaporeans for defamation.

This begs the question of why the litigation was left out in the disclosures and whether shareholders of CNQC International were duly informed before they voted o…