Friday, 14 July 2023

Will Hotel Properties Limited (HPL) on SGX Crashed Today?

Wondering whether Hotel Properties Limited ("HPL") will crash today given that prominent businessman Ong Beng Seng is also implicated in the Iswaran corruption investigation and given a notice of arrest by the Corrupt Practices Investigation Bureau ("CPIB"). Interestingly, HPL share prices shot up by more than 10% in early June 2023. 

Wow, more and more cans of worms being revealed in the recent corruption scandal. 

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