SBI Offshore may have breached Catalist rules: report

Singapore

SBI Offshore may have breached various Catalist listing rules during a share placement conducted in 2014, a report from independent reviewer KordaMentha found on Thursday.

By failing to disclose that one of the placees had given the company a promissory note instead of paying in cash, SBI Offshore may potentially have breached Catalist disclosure rules, KordaMentha said.