WHAT a mess. The fallout stemming from the massive sell-off of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltd is rocking the foundation of these companies and raising questions.
With such battered share prices and with the billions having been wiped out from their market capitalisation, the model of using their highly liquid SGX-quoted shares, as currency for takeovers, is in jeopardy. Then there’s the stigma to deal with: will bankers, business partners and vendors of assets be as open to deal with them as before?