New Lakeside rapped for breach of rules, governance failure

Singapore

SINGAPORE Exchange (SGX) has reprimanded New Lakeside Holdings, which has been renamed Zhongxin Fruit & Juice since March 2013, its former director and former group chief financial officer (CFO) for breaching listing rules and corporate governance failures.

In 2010, New Lakeside's audit committee had engaged Stone Forest Corporate Advisory to review the business operations and internal controls …