Natural Cool flags possible irregularities at paint division
Singapore
NATURAL Cool Holdings, which sells air-conditioning systems, on Tuesday flagged the possibility of "irregular transactions and activities" at some subsidiaries in its paint division.
In a separate early-morning announcement on Tuesday, the company also posted a full-year net loss stemming from impairments.
Natural Cool, led now by a new board following a shareholder-led ouster of all but one director of the previous board, said the irregularities relate mainly to companies set up by employees - including persons that may be co…
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