THE Singapore Exchange (SGX) last week severely reprimanded Jurong Cement Ltd (JCL) for disclosure lapses, a move which is encouraging as it sends the market a timely reminder of the continuous disclosure obligations of listed companies.
YTL Cement Singapore yesterday made an offer of $2.50 a share to the controlling shareholder of Jurong Cement in the latest instalment of a takeover battle between the company's two largest shareholders.
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