Sunvic appoints EY Advisory to probe guarantees for 222.5m yuan loans
Add BT as a preferred source
Vivienne Tay
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SUNVIC Chemical Holdings has appointed Ernst & Young Advisory as its external auditor to investigate corporate guarantees provided for loans amounting to some 222.5 million yuan (S$44.3 million).
EY Advisory, engaged on April 2, will be part of a special investigative committee - which also comprises legal advisers - announced by the company in February.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
