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Silverlake enlists Deloitte for review in wake of short-seller report backlash

Singapore Business Review

It deemed the report “baseless and without merit.”

The technological solutions company stood its ground and hired Deloitte Singapore to conduct an independent review of the allegations concerning the profitability of its recent related party acquisitions.

This is in the wake of a 42-page short-seller report making the rounds among investors detailing flat fourth-quarter earnings.

A report from RHB said Silverlake Axis reiterated its stand that related party acquisitions have benefited the company with net profit, cash flow, DPS and market cap growth.



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