Executive’s tongue-in-cheek pledge to commit hara-kiri if his lithium battery firm doesn’t hit market cap target draws warning from Shanghai Stock Exchange

after an executive made a bet that he would commit hara-kiri if the company failed to meet a market-cap target.

Chen’s “inappropriate” comment reflected the company’s flaws when it came to information disclosure and corporate governance, the stock exchange said in a letter to Nuode. The company should provide more training on regulations for board members, supervisors and senior management staff to raise their awareness of compliance with the rules, it said.

Chen claims to have posted the message publicly by mistake. It was meant to be seen only by a small group of WeChat contacts, Nuode said in an exchange filing on Wednesday. The posting was quickly deleted after Chen spotted the mistake, it said. Hara-kiri, also called seppuku in Japanese, is a form of ritual suicide by disembowelment that was practised by ancient samurai warriors who were defeated in wars.

Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Temasek's new investment platform to target local, mid-sized firms
مصدر: TODAYonline - 🏆 1. / 99 اقرأ أكثر »

Temasek's new investment platform to target local, mid-sized firmsSingapore state investor Temasek Holdings has set up a new investment vehicle initially targeting local firms valued at $1 billion to $5 billion, as Singapore seeks to ramp up investments in fast-growing companies. With S$4.5 billion ($6.1 billion) of funds under management, 65 Equity Partners will mainly make equity investments in established firms with regional or global aspirations, both companies said in a joint statement on Wednesday. 'The platform will also have flexibility to deploy funds into opportunities that may sit outside the core focus areas of Temasek, such as take-private situations or family business restructurings,' said Lee Theng Kiat, chairman of Temasek International, the wholly-owned management and investment arm of Temasek Holdings.
مصدر: YahooSG - 🏆 3. / 71 اقرأ أكثر »