Trek 2000 founder fined over interested party transactions
Add BT as a preferred source
Tay Peck Gek
Singapore
TREK 2000 International's founder Henn Tan was fined S$80,000 on Monday for neglecting to get the firm to disclose interested person transactions. But that was not the end of his legal woes as he has nine other charges outstanding.
Tan, 63, pleaded guilty to two offences committed when he was chairman and chief executive officer (CEO) of the mainboard-listed Trek 2000 and neglected to ensure the technology firm made immediate announcements required on a total of 24 interested person transactions in 2010 and 2013.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
