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At a low of seven Singapore cents, to which it had dived on Friday after falling 18 per cent and drawn the second trading activity query from the Singapore Exchange in three months, one would need binoculars to see its high of 74.5 cents reached last November.

A special auditor's report into a deal that went bad for Foreland Fabrictech has suggested the company may not have conducted proper due diligence before paying out compensation.

Flooring specialist Jason Holdings has suspended its chief executive Jason Sim and operations director New Sze Wei over allegations of improper transactions.

Missing corporate stamps, shuffled assets and disappearing executives have become the hallmarks of debt distress in China. Investors are starting to lose patience.

There should, therefore, be periodic updates on the status of these stocks, say every six months. If investigations are still ongoing, then that should be said. The alternative is silence that can drag on for years, which runs counter to the imperatives of a disclosure-based market.

Shunfu Ville was sold to developer Qingjian Realty for S$638 million on Thursday, marking the largest collective sale since 2007.

The hedge fund industry's golden age of fat fees and superior returns is over. And the future looks decidedly less fun. CNN Money