Regarding the legal actions taken before the announcement of the termination of the legal actions taken by Guo Lingming, the spokesperson of Guo Yizhi, the president of Urban Development and the eldest son of Guo Lingming, who is at the center of the “power seizure” storm, said when asked that he would not make any further comments.
Guo Yizhi's spokesperson responded briefly in response to the Lianhe Zaobao inquiry on Thursday (March 12): “He has no further comments.”
It is worth noting that this time, the Urban Development and Executive Chairman Guo Lingming has also changed his style since the outbreak of the “power seizure” and chose to publish a statement that relevant parties have put aside their disagreements through the Singapore Trading Website (SGXNet).
Previously, Urban Development had been criticized for bypassing the announcement of the Singapore Exchange.

David Gerald, president of the Singapore Securities Investors Association (SIAS), previously publicly questioned whether all directors could promise to issue relevant statements on the SGX website first.

Further reading

Expert: The speed of reconciliation of urban development “grabbing power” is surprising and the best result

Expert: The speed of reconciliation of urban development

Zhou Wenlong: Where is the love behind the “seizing power” of the Guo family?

Zhou Wenlong: Where is the love behind the