More questions than answers from SingPost’s reply

Sunday, January 31st, 2016

For SingPost to transform successfully, it needs a strong, effective board unencumbered by conflict of interest, good corporate governance, and a strong management team

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SBI Offshore: Corporate governance over the edge?

Thursday, November 16th, 2017

Departure of three independent directors, allegations of breach of directors’ duties and a lack of clarity from the board are cause for concern.

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YuuZoo: Is Unstoppable Rex Outrunning Pokemon Go?

Friday, November 3rd, 2017

Can a retail company disclose the number of shoppers, including window shoppers, and then report average revenue per paying shopper?

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What Rules Apply To Foreign Listings: The Case Of Primary Listings Incorporated in Singapore

Monday, October 23rd, 2017

By Mak Yuen Teen This is the last of my five articles on foreign listings on the SGX that discusses regulatory issues and corporate governance challenges that apply to such listings. In future articles, I plan to discuss further how we can strengthen the regulatory regime for foreign listings. In my previous article on foreign […]

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Response to Report “YuuZoo appoints EY for review” (The Straits Times, October 20, 2017)

Friday, October 20th, 2017

While the company said that this is the third time that the same issues will be looked at, the first “review” was a financial audit focused on the financial statements and there is no indication that the second “review” involved any independent third party.

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Time for listed companies to weed out untimely information disclosure

Thursday, October 19th, 2017

SGX may need to improve its monitoring of issuers’ compliance and enforcement action should be taken for issuers that continue to flout the rules despite being informed about the regulations.

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YuuZoo’s long reply still does not address issues over its response to SGX queries

Friday, October 13th, 2017

YuuZoo COO’s long letter on my October 6 article in Business Times totally ignores much of the crux of that article which was about its response to SGX queries regarding its (restated) Q1 2017 and Q2 2017 results and the incorporation of YuuLog Europe.

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Are things improving at YuuZoo or is it more of the same with no real change?

Thursday, October 5th, 2017

The company continues to be queried by the Singapore Exchange for its disclosures and its responses to these queries have only raised more questions with no substantive answers in sight.

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How to Lose Your Financial Records in 10 Minutes

Wednesday, October 4th, 2017

By Mak Yuen Teen Over the years, there have been a number of Chinese companies listed here that have “lost” their financial records when questions have been raised about financial statements. However, it seems that we are starting to see a lack of creativity as some reasons are recycled or are minor variations of previous […]

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What Rules Apply To Foreign Listings: The Case Of Primary Listings Incorporated Overseas

Saturday, September 23rd, 2017

In my last article, I talked about how overseas companies listed on SGX can be classified into primary and secondary listings, and how the primary listings can be further classified into those that are incorporated overseas and those that are incorporated in Singapore. I also discussed the regulatory framework for secondary listings.

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What Rules Apply To Foreign Listings: The Case Of Secondary Listings

Thursday, September 21st, 2017

According to the monthly market statistics report of SGX, there are 753 issuers listed on SGX as of August 2017. It is useful for investors to understand the regulatory framework that governs different issuers. Even though our regulators are hesitant about having a different regulatory regime for Singapore and overseas/foreign listings, in actual fact, separate regulatory regimes are already operating as I will explain in this and the following articles.

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