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Midas audit committee lodges report with CAD over China ops; SGX RegCo looking into matter

Management & Corporate Governance

Midas audit committee lodges report with CAD over China ops; SGX RegCo looking into matter

PC Lee Published on Thu, Mar 29, 2018 / 6:46 PM GMT+8

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SINGAPORE (Mar 29): Midas Holdings has lodged a police report with the Commercial Affairs Department of the Singapore Police Force.

This is in relation to a possible breach of securities laws and other offences arising from the irregularities in the group’s operations in China.

"The full extent of the possible breach of securities laws or other offences, or other potential breaches (if any) has yet to be determined," says the audit committee in a 6.38pm filing.

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