SGX raps KLW, two former key executives
Regulator's reprimand comes after 2015 special audit found lapses in internal controls and potential breaches of Catalist disclosure rules
Singapore
THE Singapore Exchange (SGX) has rapped door maker KLW Holdings and two former key executives, reprimanding them on Monday for a litany of breaches of Catalist rules.
This comes as the company is under investigation by the Commercial Affairs Department for an alleged offence under the Securities and Futures Act. SGX said that it has referred the case and potential breaches of the law to the relevant authorities.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly