Securities and Futures Act

Former Hyflux legal officer unaware of power plant in bid for Tuaspring project

Prosecution and defence also trade allegations over disclosure of e-mails

Winnifred Heap, Hyflux's former head of corporate communications and investor relations, disagreed that playing down the energy part of the Tuaspring project stemmed from her investor-relations strategy.

Hyflux’s legal head did not raise issues over non-compliance of listing rules for draft announcement, says witness

That draft for the announcement that Hyflux was ahead in the bid for the Tuaspring project is now central to the case of alleged non-disclosure

Lum is contesting the charges of failing to disclose material information on the Tuaspring project, as was required under the listing rules of the Singapore Exchange.

DBS suggested Hyflux issue preference shares in 2011, Olivia Lum’s lawyer reveals

Senior Counsel Davinder Singh, representing the ex-Hyflux CEO, charges that the investigation officer was unfair to his client during the probe

Rajsekar Kuppuswami Mitta, 68, could have been fined up to S$250,000, sentenced to imprisonment for a term not exceeding seven years or to both.

Hyflux’s ex-director Mitta fined S$90,000, barred from directorships; Olivia Lum’s trial starts Aug 11

His case comes ahead of the trial against six others in the company over withheld information on the failed Tuaspring desalination plant project

Currently, the system distorts and disrupts price discovery because it does not balance the costs of shorting with the costs of buying, thus tilting forces in favour of shorting.
LETTER TO THE EDITOR

Regulate short selling to tackle market manipulation

I REFER to the recent Business Times report on the conviction of a man who fraudulently induced others to trade (“Set up a Telegram chat group to trade shares? You may run afoul of the law”, BT, Oct 1...

Oon Yun Cong has been convicted on two counts of making false statements in two Telegram chat groups.

Set up a Telegram chat group to trade shares? You may fall afoul of the law

A man who used Telegram chat groups to induce its members to trade in shares has been convicted under the Securities and Futures Act

Lim How Teck, 73, resigned as chairman of Temasek-backed Heliconia Capital, months after his February 2022 arrest over the alleged disclosure breaches. 

Lim How Teck and four other Raffles Education directors charged with disclosure breaches

All the disclosure charges stem from a loan extended by Affin Bank to two subsidiaries of Raffles Education

GS Holdings' chief executive officer Pang Pok has been arrested as part of an ongoing investigation into offences under the Securities and Futures Act, and is now on bail.

GS Holdings asked to provide more information for ongoing probe

FOOD and beverage company GS Holdings has been ordered to provide more documents for an ongoing investigation into offences under the Securities and Futures Act.

GS Holdings has requested in a separate bourse filing for the lifting of the trading halt on its shares and bonds.

GS Holdings assisting CAD, MAS in ‘confidential’ probe

FOOD and beverage company GS Holdings announced on Monday (Oct 30) that it is assisting the authorities in an investigation into offences under the Securities and Futures Act.