Lenders are being asked to accelerate lending to homebuyers and developers. Bad debt managers are being asked to buy up property assets and help restructure smaller lenders.
February 25, 2022The finalised framework lowers the minimum market cap required of a SPAC listing to S$150mn from S$300mn proposed in SGX's March consultation.
September 3, 2021The man faces charges for abetting the falsification of a document that represented Wirecard's missing money was being held in escrow.
September 2, 2021Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.
June 30, 2021HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
May 7, 2021At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC's acquisition of a target company.
April 2, 2021The director of local accounting firm Citadelle Corporate Services was hit with three additional charges for falsifying letters confirming Wirecard cash balances.
December 10, 2020Germany's audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.
November 29, 2020The JLC Advisors managing partner absconded with S$33.8mn in client money last year but was arrested in Malaysia. 19 new charges relate to his misappropriation of S$17.5 from another client.
October 22, 2020ASIC is granting relief for voluntary escrow arrangements and pre-prospectus communications to security holders and employees to reduce IPO red tape.
August 28, 2020