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).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
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