BRUNCH
·
SUBSCRIBERS

SOS: Saving One’s Solvency by shaping up – or jumping ship

As corporate stress and distress levels rise, how can companies navigate troubled waters to restructure for a turnaround? 

Paige Lim
Published Fri, Sep 1, 2023 · 12:00 PM
    • Industry observers have seen more companies facing stress and distress, and seeking assistance, in recent months.
    • Industry observers have seen more companies facing stress and distress, and seeking assistance, in recent months. DESIGN: SIMON ANG

    In 2007, businessman Stanley Tan had a premonition: Internet search engines would kill off the iconic Yellow Pages telephone directory.

    Before the turn of the millennium, it was common to flip through the thick book to find phone numbers and addresses. But with Yahoo! Search and Google, the same details could now be retrieved with the click of a button.

    “The business we were in had been disrupted by the digital alternative,” Stanley Tan told The Business Times. At the time, he was a major shareholder of mainboard-listed Yellow Pages Singapore, publisher of print directories such as its eponymous one.

    Copyright SPH Media. All rights reserved.