Courts Asia seeks answers from Mauritius on failed bid

Singapore

IT HAS been more than two weeks since Singapore-listed Courts Asia found the tables turned on its Mauritian dream after the financial sector watchdog there snubbed its bid and picked a rival suitor just as the retailer was on the verge of closing the buyout of Courts Mauritius.

Since then, Courts Asia's attempts to seek an explanation - or "some basic courtesy" as its visibly vexed chief executive Terry O'Connor put it - from the Mauritian government have drawn a blank.

"It's just very frustrating. We literally went from preferred bidder to out," Mr O'Connor told T…