More companies make disclosures on directors involved in investigations

Published Mon, Oct 5, 2020 · 09:50 PM

Singapore

SEVERAL companies with directors involved in ongoing investigations issued disclosures on Monday in response to queries from the Singapore Exchange.

Most were related to Kelvin Tan, an independent non-executive director of Eagle Hospitality Trust (EHT), who also sits on the boards of several other companies.

Along with other current and former EHT directors, Mr Tan was on Oct 1 arrested and released on bail over suspected breaches of disclosure requirements on Section 203 read with Section 331 of the Securities and Futures Act (Chapter 289) of Singapore. None of the EHT directors has been charged in court.

In a regulatory filing on Monday, Global Investments Ltd (GIL) said Mr Tan, an independent director on the board, is still "suitable" to co…