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SGX RegCo orders special audit of SBI Offshore over factory sale

Checks to be conducted on appraisers, negotiation for disposal, scope of due diligence performed on purchaser and disposal


SINGAPORE Exchange Regulation (SGX RegCo) has ordered SBI Offshore to appoint a special auditor to investigate its disposal of a factory in China earlier this year.

SBI Offshore sold the factory in Jiangsu Province for 18 million yuan (S$3.6 million) on March 15, with the...

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