Virtuous cycle in broking research needed to avoid future Cromwells

Fri, Oct 06, 2017 - 5:50 AM

THE withdrawal of Cromwell Property Group's initial public offering (IPO) of its European Reit was disappointing as it would have raised an estimated S$1.2 billion, an amount that would have made it the local market's second largest float of the year.

Although the company cited "market...

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