Can I ask for financial information before I buy its shares?

Question: Can I ask for the seller to provide me with company information before I buy the shares?

Answer:

Yes, of course. Before you purchase shares in a company, you should definitely perform some due diligence and make sure that the company is financially viable. This involves a thorough review of the financial information of the company, currently existing contracts, and employee entitlements, etc.

Answered by Priscilla Ng

Priscilla is a lawyer. She practises in the areas of business and commercial law, intellectual property and employment law. In her past work experience, she practised in property law, family law, wills and estates, and civil litigation.

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