MAS orders Ayondo to provide documents for investigation
Claudia Tan HS
Singapore
CATALIST-LISTED Ayondo has been ordered by the Monetary Authority of Singapore (MAS) to provide "certain information and documents" in relation to an investigation into a possible offence under the Securities and Futures Act, the board disclosed on Thursday.
In addition, independent director Foong Daw Ching and non-executive director Foo Fatt Kah have attended interviews conducted by MAS together with the Commercial Affairs Department (CAD) in relation to the investigation, said Ayondo in a bourse filing.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’