Pine Capital about to lose listing sponsor
Asian Corporate Advisors will stop its sponsorship on Sept 27; compliance concerns cited
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Annabeth Leow
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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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