Reliance Communications postponed the Singapore listing of its undersea cable division. In a statement the group said it would “await supportive market conditions and easing of prevailing global uncertainties to proceed with the offering/listing at an appropriate time in the future”.
OK, so my headline is misleading. But MU too delayed its posting for a similar reason and now has gone to the US. F1 too delayed its listing and the constructive, nation-building MediaCorp reported that it might not be listing here after all.
And as I bitched earlier, the FT ang moh CEO’s contract has been renewed, and that his number two is also an FT. http://atans1.wordpress.com/2012/06/27/sgx-learns-from-fas/
WTF!!!!! Ang Moh and other FTs tua kee?
Especially since the ang moh is talking big about attracting big IPOs (especially Asian ones). Missed maybe three in a row.