Alpha DX assisting in CAD probe under Securities and Futures Act
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
ALPHA DX Group received a notice on Tuesday from the Commercial Affairs Department (CAD) of the Singapore Police Force to produce documents and items relating to an investigation into an offence under the Securities and Futures Act.
It will provide all requested information for the period between Jan 1 and Nov 30, 2019, said the company in an exchange filing on Tuesday.
The group added that the current management and board of the company are not the subject of the investigations. Business and operations are not affected by the investigations and will continue as normal.
Alpha DX said that it will make further announcements when there are significant developments concerning this matter.
Shares of Alpha DX closed flat at S$1.28 on Tuesday before the announcement. As at Wednesday 7.43am, the company's stock trading on the Catalist board on the Singapore Exchange has been suspended.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
