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Pine Capital about to lose listing sponsor

Asian Corporate Advisors will stop its sponsorship on Sept 27; compliance concerns cited

Annabeth Leow

Published Fri, Sep 25, 2020 · 09:50 PM

Singapore

TROUBLED Catalist-listed investment firm Pine Capital will lose its listing sponsor over the weekend because of compliance concerns, the board disclosed in a filing on Friday.

The board is now in talks with potential sponsor candidates, it added, although it warned that any incoming sponsor could take up to a month to carry out due diligence.

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