Delisting from SGX not on the agenda so far: Ying Li
China developer says shares at depressed valuations due to market issues, not management issues
Singapore
DESPITE its peers in China trading at far richer valuations, Singapore Exchange (SGX)-listed Chongqing commercial developer Ying Li International Real Estate has no intentions of delisting from Singapore so far, executive chairman Fang Ming told The Business Times.
Shares have been at depressed valuations because of market issues, not management issues, Mr Fang said of his company which recently expanded into Beijing.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?