Pine Capital requests for trading suspensions as its subsidiary causes potential conflict of interest

The group will appoint an independent reviewer to investigate the allegations.

Pine Capital Group has called for a trading suspension as its shareholders expressed concerns regarding the operations of the group’s subsidiary Advance Capital Partners Asset Management Private Limited (ACPAM), receiving allegations in respect of potential conflict of interest and possible lapses in internal control.

This follows after ACPAM has received a notice of termination of management agreement between ACPAM and Advance Opportunities Fund I (AOF I) last 19 March.

“[T]he Board has been looking into the allegations and needs time to gather the relevant information and take the necessary action subject to appropriate advice,” the group said in an SGX filing.

Pine Capital also mentioned that they will appoint an independent reviewer to investigate the ‘numerous’ allegations received since January 2019, in consultation SGX.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia