This meteoric tech stock has come crashing back to earth

SINGAPORE (May 9): After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth.

All eyes in the country’s financial community have been on Venture Corp., an electronics stock that more than tripled since April 2016 to become -- at one point -- a US$6.5 billion firm. So meteoric was its advance that Venture became the only technology company listed on Singapore’s blue-chip 30-member Straits Times Index.

Venture Chief Executive Officer Wong Ngit Liong boosted his stake in 2016 -- for the first time in many years -- ahead of the stock rally. Beyond that, analysts say, he has largely kept quiet about Venture’s business.

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