SIAS urges minorities of China New Town to vote rationally on delisting

Singapore

THE chief of Singapore's shareholders rights group has called for all minority shareholders of China New Town Development Company to "cast their vote and voice their option" rationally and to understand the reasons for the proposed delisting of the dual-listed company on the Singapore Exchange (SGX).

Shareholders should also understand the company's fundamentals, future business strategy and the benefits of leveraging the strong support from the controlling shareholder CDB Capital, said David Gerald, the founder, president and chief executive of the Securities Investors Association of Singapore (SIAS).