Ambiguous statements by Hwa Hong directors not helpful for investors
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Raphael Lim
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.
