Abterra to appoint compliance adviser, review governance

Singapore

MINERALS and resources firm Abterra, which together with its top executives, was last week reprimanded by the Singapore Exchange (SGX) for breaching listing rules, on Friday announced it will appoint a compliance adviser to provide advice on continuing listing obligations and it will soon be considering recommendations from Abterra's Nominating Committee on ways to improve governance.

SGX last Thursday rapped Abterra, its executive chairman Cai Sui Xin and chief executive officer Lau Yu for late/lack of disclosure of material information in two deals which likely led to a false market for Abterra shares.