It creates a situation in which unlisted companies, free of the constraints of quarterly reporting, are more able to focus on long-term growth, thereby stabilizing the economy.
The Singapore entrepreneur took Osim International Ltd private in a $236 million buyout in 2016. V3 Group comprises the Osim business and other consumer products units.
Japanese companies without any female directors include SoftBank Group, Nintendo, Uniqlo and 7-Eleven while Chinese companies with no women on their boards include Tencent, SAIC Motor and Kweichow Moutai
So serious is the problem that succession planning has taken off as an industry in Singapore and elsewhere in Asia, with everyone from PE funds to M&A consultants vying to help companies transition to the next generation.
The foray into gaming is its strategy to diversify from traditional businesses where competition is toughening.
Singtel, which has a market capitalization of about $40 billion, has sought to grow in new industries as competition encroaches on its traditional businesses.
Sixteen Singapore-based companies chose to list in Hong Kong last year, raising more than $800 million.
Singtel plans to expand the platform to include mobile wallets provided by associates such as those in the Philippines, India and Indonesia,
Funded by investors including casino operator Genting, TauRx Pharmaceuticals is embarking on its latest trial to find a cure for Alzheimer’s.
Yoma Strategic is one of three publicly listed companies that have grown out of a business founded by the elder Pun in 1983, one of the largest conglomerates in Myanmar.