Regulator raps Delong chairman, advisers over buyout debacle

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.