How business shifts could threaten Singapore stock market's credibility

Reverse takeovers, strategy shifts put under the spotlight.

According to Reuter's report, a funeral parlor switches into gold mining; a steel trader turns into a property developer; and a food packaging firm ventures into resources.

Reverse takeovers and shifting corporate business strategies on Singapore's stock market have come under the spotlight in the wake of a recent collapse in the share prices of three companies listed on Southeast Asia's biggest bourse.

The changes in business operations and the use of reverse takeovers - where a private firm buys a public company usually to bypass an often lengthy listing process - and its impact on the broader market risk undermining the credibility of one of Asia's biggest financial and regulation centers.

Read full report here.