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SHARES of mainboard-listed GL Limited hit a 10-month high on Friday following news of a proposed privatisation. This came after the hotel operator lifted its trading halt during the midday break. Read more at The Business Times.
Rank adds finance expert Chew Seong Aun as a corporate advisor Share Chew Seong Aun replacing Tang Hong Cheong as a company non-executive director. An expert in corporate finance, Seong Aun is the current group CFO and board member of Honk Kong-based private investment fund Guoco Group, the current majority shareholder of Rank Plc. Seong Aun has had a 30-year executive career in investment banking, during which time he has specialised in raising working capital for large-scale enterprises and commercial projects across Asia, Europe and the UK. Alex Thursby, Rank’s chairman, said: “I am...