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Showing posts from January, 2017

IHC board removed after heated EGM

A heated boardroom battle at Catalist-listed healthcare group International Healthway Corp (IHC) came to a head on Monday afternoon as shareholders voted to remove the entire board at an extraordinary general meeting (EGM) that lasted over two hours.

Hong Kong regulator sues Standard Chartered, UBS over China Forestry IPO

Hong Kong's securities regulator has filed a lawsuit against Standard Chartered Plc, UBS Group AG and audit firm KPMG LLP over an initial public offering by China Forestry Holdings Co in 2009.

Ex-Hanergy boss Li Hejun banned from acting as director or being involved in the management of any corporation, for up to 15 years

China Environment auditors uncover phantom gross receivables

China Environment, which treats industrial waste gas, on Friday said two surprise site visits by its auditors have uncovered gross receivables for fiscal 2015 that are either "non-existent", or overstated.

Are Natural Cool shareholders acting in concert?

In the short space of just two months, two groups of shareholders have separately tried to oust Natural Cool executive chairman Joseph Ang. He, in return, has sought to draw links between them, connecting them and their actions all to the company's proposed divestment of a 16 per cent stake in an oil and gas exploration firm, HMK Energy.

SFA changes to make it easier for MAS to prosecute market misconduct

Changes to the Securities and Futures Act (SFA), announced this week, are set to make it easier for regulators to prosecute cases of market misconduct and insider trading - with a case in point being that involving air cargo firm Airocean some years ago.

Blumont exposes chink in watch-list rules

The Singapore Exchange's (SGX) watch-list rules assume that a company with multi-year losses and a low share price will struggle to maintain high market capitalisation, but the case of Blumont Group suggests that this assumption may occasionally be wrong.