The Business Times
SUBSCRIBERS

Ambiguous statements by Hwa Hong directors not helpful for investors

google-preferred-sourceAdd BT as a preferred source
Raphael Lim

Raphael Lim

Published Wed, Jul 13, 2022 · 05:50 AM
    • Sanjuro United in May launched an offer to privatise property group Hwa Hong, which owns Allen House (pictured) in London, at S$0.37 per share, and upped the offer to S$0.40 in June.
    • Sanjuro United in May launched an offer to privatise property group Hwa Hong, which owns Allen House (pictured) in London, at S$0.37 per share, and upped the offer to S$0.40 in June. PHOTO: GOOGLE MAPS

    SHAREHOLDERS of Hwa Hong Corporation have been very poorly served by the property player's disclosures.

    An entity called Sanjuro United in May launched an offer to privatise Hwa Hong at S$0.37 per share, and upped the offer to S$0.40 in June.

    Throughout the process, disclosures by the company appear designed to muddy any conclusions investors might form on their own.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    hwa hongPrivatisationSecurities and Futures ActReal estate

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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