Pepermintpat
2022-06-29

It's more like immediate quelling response. More factual disclosure would follow. They have to be above board to list in Sgx😄

NIO Inc. Responds to Short Seller Report
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Comments

  • alanyeo
    2022-06-30
    alanyeo
    The only competitive advantage that we had then was by shortening the time required to list their companies, usually within 6 mths, & this came at a cost in which many investors suffered ultimately.

  • BigBeef
    2022-06-29
    BigBeef
    You have too much trust in SGX. Hyflux was also in SGX.
    • Pepermintpat: 
      HyFlux dId well when first joininG Sgx but when it grew too big greed n mismanagement came into play Lesson learnt
  • alanyeo
    2022-06-30
    alanyeo
    I remember when i was originating deals from some of the china co., the mgt of these companies knew that the valuation of their shares would be worse off if they choose to list in SG compared to HK.
  • alanyeo
    2022-06-30
    alanyeo
    But yes, mismanagement was one of the key reason for its failure. Not that it was greedy, but more of a business decision when they decided to deviate away from their core competency.
  • alanyeo
    2022-06-30
    alanyeo
    I was an investment banker back in the 2000s. And sadly, i was bookrunning for hyflux back then as well. Those days when the company IPOed, it was pretty fine.
  • alanyeo
    2022-06-30
    alanyeo
    In terms of corporate governance, it was pretty loose then.
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