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

Friday, February 13, 2015 - 05:50
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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

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