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SIAS calls for probe into alleged mismanagement in 3 S-Chips

Mr David Gerald, President and CEO of Securities Investors Association, Singapore (SIAS). The association, also known as SIAS, said it hopes the authorities will "help settle the issues facing these companies so that auditors can complete the audits, thereby allowing the companies to request trading of their shares"; it added that for all three companies, "the conduct by the officers, in particular, the promoters, caused losses to shareholders".


THE Securities Investors' Association (Singapore), a local investors' lobby group, on Thursday called on the authorities in Singapore and China to investigate what it alleges are instances of financial mismanagement at three S-Chips, namely China Fibretech, China Environment and...

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