So is PwC reporting solely to the SGX Regco or is it instead reporting to the AC, which is not in accordance with the NOC? If it is the latter, then the independent review may not achieve its objectives of getting to the bottom of the issues raised.
Read MoreOverall, it is not clear to me that the intended rationale of buying the additional 19% will be realised.
Read MoreThe board has many questions to answer regarding the decisions it has made in relation to the two transactions culminating in its present 70% stake in JOES, the lack of disclosure by the company on the defamation suit, and its response to the outcome of the defamation suit.
Read MoreBy Mak Yuen Teen On April 7, news broke about S11 Dormitory @ Punggol and Westlite Toh Guan Dormitories being gazetted as isolation areas following a spike in COVID-19 cases. Nearly 20,000 workers across the two dormitories...
Read MoreThe destruction in shareholder value is hard enough to take – the lack of accountability just adds salt to the wound.
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