The company's single largest shareholder is chairman and CEO Zhong Sheng Jian, who has a total interest of 71.55%, according to the company's FY2022 annual report.
Amid a spate of privatisations of companies listed here by controlling shareholders making offers at below book values, one possible candidate bandied about is Yanlord Land Group, a China-based, Singapore-listed developer.
In response to questions from shareholders ahead of its AGM, the company denies so. “Delisting has not been a matter of management nor board discussion,” says Yanlord in its April 21 response to shareholders’ questions.
