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Rich Capital to commission review to protect JV investments, look into potential breaches

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Fiona Lam

Fiona Lam

Published Tue, Sep 22, 2020 · 09:50 PM

Singapore

THE audit committee (AC) of Rich Capital Holdings' board will commission an independent review to protect its investments in joint venture (JV) Oxley Karya Indo Batam (OKIB) and to look into the possibility of potential breaches of regulations and listing rules.

This is to address "external forces at play and potential internal issues", the Catalist-listed property developer said on Tuesday in response to the Singapore Exchange's (SGX) queries.

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