An honorable member of the Coffee Shop Has Just Posted the Following:
As I have posted before, and other forumners have done the same, many owners and operators of these workers dorms have ties with Crassloot Leeders or even ex Ministers like Sidek Saniff. Many companies that build these dorms are also shrouded in ownership secrecy as their major shareholders are all banking or brokerage nominees. What these nominees do is to hold shares in anonymity for the real owners. It will not surprise me to know that many shares in these companies are held by MIWs and...
How much is the Workers Dorm Business in Singapore? - SBF Exclusive Article
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