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Shareholders block Capital World from issuing settlement shares

Published Wed, Jan 30, 2019 · 09:50 PM

Singapore

MINORITY shareholders of Catalist-listed Capital World have blocked a bid by the integrated property developer to issue 39 million new shares to convertible bondholder Chong Thim Pheng as part of a settlement agreement.

The votes were cast at a shareholder meeting on Monday. Capital World has 1.31 billion issued shares. It proposed the share issuance in November.

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Companies & Markets

Companies & Markets

Shareholders block Capital World from issuing settlement shares

Companies & Markets

TikTok tells advertisers: ‘We are not backing down’

EV automakers get reprieve in US tax credit rules

Nomura, Mizuho face losses on All Blue fund’s failed trades

Stablecoin Tether steps up monitoring in bid to combat illicit finance

HSBC asked by US$890 billion investor group to set energy goal

BHP’s biggest rivals sit on the sidelines of Anglo M&A drama

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