TWO employees of a subsidiary of food and beverage (F&B) group Katrina Group are assisting with an investigation by the Urban Redevelopment Authority (URA), the company said in a bourse filing on Wednesday (Jun 22). 

The investigation involves possible breaches of the minimum stay requirement in respect of the provision of short-term accommodation provided by ST Hospitality and its subsidiaries. ST Hospitality is a subsidiary of Katrina. 

The duo consists of 1 senior employee and 1 junior employee, Katrina said, without giving any further details on their positions. The 2 employees had each received a notice dated Jun 16 about the investigation. 

Katrina said that the investigation is still ongoing, and no charges have been filed against the group nor any of the relevant people as at Wednesday.

It added that the board will make further announcements as and when there are material developments on the matter. 

Shares of Katrina ended Wednesday at S$0.046, down 16.4 per cent or S$0.009 prior to the announcement. 

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