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Starburst chairman, MD, CFO interviewed in corruption probe
Share price plummets 68% to intraday low of 12 cents, before closing at 13.1 cents
Fiona Lam
Published Mon, Nov 16, 2020 · 09:50 PM
Singapore
SHARES of Starburst Holdings, which designs and installs anti-ricochet ballistic protection systems, plunged on Monday after it disclosed that its co-founders are out on bail amid a probe by Singapore's anti-corruption watchdog.
The Corrupt Practices Investigation Bureau (CPIB) last Thursday interviewed executive chairman Edward Lim Chin Wah, managing director Yap Tin Foo, chief financial officer (CFO) Wu Guangyi, and senior project manager Josiah Lawrence Ng Eng Long.
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