date:Sep 03, 2013
s listed in 2010.
Under Singapore law, a single shareholder needs to make a mandatory takeover offer for the target company if its stake increases to 30 percent.
Strong Defence
The report by Glaucus was the first attack by a short-seller on a Singapore-listed Chinese firm, although in recent years short-sellers have targeted Chinese companies listed in Hong Kong, Canada and the United States, citing irregularities.
On Sunday, Minzhong issued a strong defense of its business in a 19-page stat