Midas Holdings under probe by China, HK authorities

Singapore

THE woes of mainboard-listed Midas Holdings continue to mount with the Singapore Exchange on Friday disclosing that investigations into the scandal-hit railway-parts maker has widened to include authorities in China and Hong Kong.

In an update on its own investigation, the market operator's regulation arm SGX RegCo said it has been in engagement with the Chinese Embassy in Singapore in relation to communications with the relevant authorities in China on developments at Midas.