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The number of corporate scandals in Singapore has been accelerating with a high degree of incidence among S chips/ We have in recent times seen problems with China Print & Dyeing, Ferro China, Fibrechem, Oriental Century, China Sun Biochem. Other small companies have had their share of financial woes such as Jurong Tech, China Enersave and Celestial. Some of these have been placed under Judicial Management while others have had their accounts qualified.
Almost all these shares have collapsed by 90% - with many once broker and investor darlings. A recent BT article talks about who is responsible.....I think the authorities need to do something quickly to restore investor confidence if not we will again have a two tiered market with investors favoring blue chips over smaller new players. Read more.......something must be done quickly to restore confidence
[caption id="attachment_2145" align="alignright" width="120" caption="Photo by petesimon"][/caption]
The number of corporate scandals in Singapore has been accelerating with a high degree of incidence among S chips/ We have in recent times seen problems with China Print & Dyeing, Ferro China, Fibrechem, Oriental Century, China Sun Biochem. Other small companies have had their share of financial woes such as Jurong Tech, China Enersave and Celestial. Some of these have been placed under Judicial Management while others have had their accounts qualified.
Almost all these shares have collapsed by 90% - with many once broker and investor darlings. A recent BT article talks about who is responsible.....I think the authorities need to do something quickly to restore investor confidence if not we will again have a two tiered market with investors favoring blue chips over smaller new players. Read more...
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The number of corporate scandals in Singapore has been accelerating with a high degree of incidence among S chips/ We have in recent times seen problems with China Print & Dyeing, Ferro China, Fibrechem, Oriental Century, China Sun Biochem. Other small companies have had their share of financial woes such as Jurong Tech, China Enersave and Celestial. Some of these have been placed under Judicial Management while others have had their accounts qualified.
Almost all these shares have collapsed by 90% - with many once broker and investor darlings. A recent BT article talks about who is responsible.....I think the authorities need to do something quickly to restore investor confidence if not we will again have a two tiered market with investors favoring blue chips over smaller new players. Read more...
