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


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.

The reprimand of KLW, former managing director Lee Boon Teck, and former group...

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