Record number of companies put on MAS alert list last year

104 firms added, up from 82 in 2019; expert urges people to do due diligence before investing

The list now contains 644 companies, including those registered overseas. PHOTO: ST FILE
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A record number of companies were placed on the Investor Alert List last year as the pandemic placed unprecedented stresses on financial markets.

There were 104 firms put on the list, up from 82 in 2019, as shown on the Monetary Authority of Singapore (MAS) website.

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A version of this article appeared in the print edition of The Straits Times on January 14, 2021, with the headline Record number of companies put on MAS alert list last year. Subscribe