Platinum Partners invested in Asiasons, Blumont, LionGold before share collapse
A screenshot of the Platinum Partners fund's website.KUALA LUMPUR, Nov 3 — In tracing the sudden collapse of the shares of three listed Singapore-based companies with reported Malaysian links, The Edge cast a spotlight on US hedge fund Platinum Partners Value Arbitrage Fund’s role had in inflating share prices beyond their value.
According to The Edge, Platinum Partners was initially poised to pay hundreds of millions in dollars for new shares in the three firms - investment firm Asiasons Read more [...]