(Bloomberg) Activist investors, having targeted companies in Japan and South Korea in recent years, have discovered a new playground in Asia. In Singapore, where activist investing was virtually unheard of until now, two companies have found themselves in the crosshairs in the past month alone. Quarz Capital Management Ltd. urged retailer Metro Holdings Ltd. to return excess cash to investors and Dektos Investment Corp. pushed Geo Energy Resources Ltd. to change its debt structure, saying the coal-miner’s shares are undervalued by as much as 60 percent.
Activists Take Aim at Singapore’s ‘Buy, Pray, Hope’ Model
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