Corporate Governance Case Studies Volume six Mak Yuen Teen, PhD, FCPA (Aust.) Editor First published October 2017 Copyright ©2017 Mak Yuen Teen and CPA Australia All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, except for inclusion of brief quotations in a review. The views expressed in this publication are those of the authors and do not necessarily represent the views of, and should not be attributed to, CPA Australia Ltd. Please contact CPA Australia or Professor Mak Yuen Teen for permission of use of any case studies in this publication. Corporate Governance Case Studies Volume Six Editor : Mak Yuen Teen, PhD, FCPA (Aust.) Editor’s email :
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[email protected] ISBN : 978-981-11-4981-8 II Contents Foreword Preface Singapore Cases BROOKE ASIA: A SHORT CUT TO CONTROVERSY .................................................... 1 CELESTIAL FOODS: FROM HEAVEN TO HELL .......................................................... 14 MMP RESOURCES: HEADING TOWARDS A DEAD END? ......................................... 29 NATURAL COOL FACES HEAT................................................................................... 45 OSIM’S BUNGLED PRIVATISATION OFFER ..............................................................