PropNex's IPO prospectus attracts unwanted attention over discrepancies in disclosures

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SINGAPORE (June 21): PropNex Realty’s upcoming initial public offer (IPO) has already attracted its fair share of attention, albeit for the wrong reasons.

After poring over preliminary IPO prospectus document lodged last Thursday (June 14), eagle-eyed observers have found a couple of discrepancies in the group's disclosures.

The first discrepancy was the disclosure that a S$5 million value was ascribed to PropNex’s business takeover agreement with...(click on link for full story on