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Daily Debrief: What Happened Today
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THE fines come alongside action taken against various misconduct that include one criminal conviction for false trading, S$698,000 in civil penalties for misconduct in trading, 19 prohibition orders that bar individuals from working in the financial industry, and 223 warnings.
GOH Hin Calm, in a white, long-sleeved shirt and without displaying any outward emotion, pleaded guilty to two charges of abetment. Justice See Kee Oon sentenced Goh, a former interim chief executive of IPCO International, on Wednesday to three years in prison.
THE purchase was funded from the company’s cash reserves and additional funding from existing investors, the point-of-sales solutions company, which is also India-based, said on Tuesday.
FREEHOLD luxury development Boulevard 88 in prime district 10 has sold 20 residential units at an average selling price of S$3,550 per square foot, of the 25 units released to date.
THE new investors are Thailand's VGI Global Media plc (VGI) and Japanese financial services company, Tokyo Century Corporation.
The STI today
THE Straits Times Index (STI) pared Tuesday's gains to close 13.26 points or 0.4 per cent lower at 3,207.66.