August 10, 2021 at 3:38 pm
#38929
Teo Han Guan
Participant
I think it does have a strong impact in conducting the due diligence. Even though there are still a lot of business activities ongoing during this period, including my business segment which is very active and still managed to have business activities like, customer meeting virtually, contract negotiation, contract signing, and all can be done via conference call. But for M&A activities, it creates some frictions in identifying some critical information from the acquired entity, some interviews or information exchanged with the relevant party will also be constrained due to the travelling ban.