The Business Times
business-time-50
SUBSCRIBERS

Regulator raps Delong chairman, advisers over buyout debacle

google-preferred-sourceAdd BT as a preferred source
Annabeth Leow

Annabeth Leow

Published Mon, Jul 29, 2019 · 09:50 PM

    Singapore

    LAW firm Shook Lin & Bok and financial adviser PrimePartners Corporate Finance have been censured by the Securities Industry Council (SIC) for their roles in a short-lived privatisation attempt by Delong Holdings.

    The offeror, which is owned by Delong chief executive and chairman Ding Liguo, was also censured over the bungled buyout bid, according to an SIC statement on Monday.

    Privatisation

    TRENDING NOW

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More