MAS & SGX need to scrutinise CapitaLand’s latest restructuring plan, protect retail investors from its troubled assets -
"This means the rich will become richer, and the poor will become poorer
because our regulators are all either asleep or incompetent in regulating our stock exchange."
https://www.theonlinecitizen.com/20...ct-retail-investors-from-its-troubled-assets/
By merely assuming that just because a counter is approved under CPFIS is safe has taught many retirees a painful lesson when the embattled Hyflux was placed under judicial management, despite being an approved CPFIS counter.
As the assets of CapitaLand are likely to remain troubled for the foreseeable future, worse should we experience another pandemic, CLIM, the portion of CapitaLand to remain listed could just be as toxic as Hyflux, if not worse.
After Hyflux, how many more retirees must be hurt before MAS, SGX, SIAS, and CPF Board will act to protect the hard-earned savings of our retirees when they gullibility invest in these toxic equities?