New lenders emerge as Midas board calls shareholder dialogue
Annabeth Leow
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MORE lenders have emerged to assail Midas Holdings, which is struggling with unauthorised loans and guarantees involving its Chinese subsidiaries.
And four senior executives in China have resigned, after internal checks found a failure to report material information to the company, Midas said in a series of announcements on Wednesday evening.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result