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
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023