A prime beneficiary of the US$2.05 billion WH Group IPO will be chief executive and chairman Wan Long. He owns 9.01 per cent of the company, which is the world's biggest pork supplier. Trading starts on Tuesday but his stake has already been valued at more than US$1 billion.
Readers may recall our account of the fire in the Centrium last week. The fire itself did not amount to much - a car caught fire on the fifth floor car park. But residents were annoyed by the response of the building management, Sino Estates Management, which is part of the Sino Group.
Sino still appears to be in denial and refuses to concede that it was in any way at fault. The first inkling occupants on the upper floors of the 38-storey building had that something was not right was when they found the lifts were not working.
The building management allegedly did not inform them and phone calls to them were not answered since the office had been evacuated.