You are here

Ex-CEO of China Sky to pay civil penalty, give up 10% of his shares

Friday, February 13, 2015 - 05:50

BT_20150213_LKSKY13_1514401.jpg
Mr Huang' settlement agreement with the MAS is the first such negotiated deal of its kind.

Singapore

FORMER chief executive of beleaguered China Sky Chemical Fibre, Huang Zhong Xuan, will pay a civil penalty of S$2.5 million and surrender 10 per cent of his shareholding in China Sky under a settlement agreement with the Monetary Authority of Singapore (MAS).

The civil

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom