Zhongxin director assisting CAD over possible SFA infringements

Singapore

CATALIST-LISTED fruit juice manufacturer Zhongxin Fruit and Juice on Sunday said that its lead non-executive independent director Ngiam Zee Moey is being interviewed by the Commercial Affairs Department (CAD) of the Singapore Police Force.

Mr Ngiam had informed the company of this on Friday, citing "possible infringements" under Section 203(2) with Section 331 of the Securities and Futures Act (SFA, Chapter 289) of Singapore, for matters that took place from 2006 to 2009 when the company was then known as New Lakeside Holdings.