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Trading in Midas Holdings suspended due to discovery of irregularities

Published Fri, Feb 9, 2018 · 09:50 PM
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Singapore

TRADING in the counter of Midas Holdings was suspended on Friday, in the light of its disclosure late on Thursday that it has uncovered several litigations, enforcement orders and court documents involving companies within the group.

DBS Research also issued a report stating that it is ceasing coverage of Midas Holdings as it is unable to rely on the group's financial statements.

DBS analyst Paul Yong said that it is a "surprising development", and there appea…

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