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

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


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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