The company maintains that all share buy-backs made previously were in the ordinary course and transacted on the open market and announced in accordance with the share buy-back mandate approved by the shareholders of the company and SGX.
New Silkroutes Group has confirmed that its chairman Dr Goh Jin Hian is one of the company's directors assisting the Commercial Affairs Department with investigations over a possible offence under the Securities and Futures Act.
NSG “understands that the alleged offence is false trading and market rigging pursuant to section 197 of the SFA in view of past share buy-backs and acquisitions of shares.”
