SIAS presient was reported in Wednesday’s ST as saying, “If ever a China company is listed in S’pore which has got business in China, management in China and money in China — please think 100 times before you put your money into the company.”
This should have been put on the prospectus of all S-Chips. But don’t you think it is too much to ask SGX to make this warning mandatory? It needs new listings, even tiny ones. At a time when there is talk of a billion dollar China co wanting to list here, HK is preparing for a US$20bn listing of AIG’s Asian life insurance operations. It could come as early as April this year.
But maybe responsible IPO managers should include this in bold lettering on the cover of future S-Chips IPOs? And with the appropriate changes, for any IPO where only the listing is here?