Path to prosperity

I recently read an article in TheEdge talking about how the company with the largest market cap in Singapore is not DBS. Instead, it has been replaced with SEA Ltd which is listed on the New York Stock Exchange. Sea has taken over the mantle of most valuable publicly-traded Singaporean company from DBS which has held it since taking over from Singtel in...

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The market turmoil induced by Covid-19 has depressed stock prices to the point where sponsors/shareholders feel that the value of their investments would be better realized in the private markets. Earlier this week, a consortium comprising some of Perennial Real Estate Holdings Limited's substantial shareholders announced a voluntary conditional cash offer to privatize and delist PREH at a price of S$0.95 in cash. This...

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