Labels:text | newspaper | man | human face | clothing | news | publication | screenshot | investor | person OCR: BUSINESS & INDUSTRY stantial assets and James Ting heads good businesses in SINGER Semi-Tech strong sectors such (Global), one of as banking and elec- Hong Kong's tronics, their control- largest business ling shareholders of- groups. Semi- ten move too quickly Tech owns and with their deal-making operates the world wide Singer for the comfort of business many institutions. Both Semi-Tech's James Ting and MBf's Loy Hean Heong have up- appear unfocused. The frequent cash calls needed set fund managers at different times, as has to build fast-developing companies are another Guoco's Quek Leng Chan. Although the entrepre- irritation, while question marks loom over whether neurs would disagree strongly there is a percep- managements can keep control of their rapidly tion among big investors that these companies expanding empires. do not always "When a company grows quickly there are 850 GLT ook after minority stresses and strains on its management infra- shareholders. As structure, and there is more likelihood of some- budding conglo- thing spinning out of control," says analyst Moe. merates with a "Institutional investors would prefer growth to be wide range of bu- organic, coming from the development of a busi- sinesses, some ness, rather than willy-nilly, just adding other of these emerg- businesses to the corporate masthead." ing empires also Naturally, the lack of investor appreciation an-
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