Econ's chairman Ong bought Crosstec shares upon recommendation by "individual purporting to be Dr Chan Yan Chong"

Econ Healthcare (Asia)’s decision to make its ill-fated investment in Crosstech Group Holdings was because executive chairman Ong Chu Poh was introduced to the stock “by an individual purporting to be Dr Chan Yan Chong.”

Econ Healthcare, in response to queries by the Singapore Exchange, notes that Chan “was a past acquaintance” of Ong.