Aspen had, at the time, also failed to “promptly disclose” the non-consummation of the MSA by Honeywell. In addition, the group did not promptly reveal that negotiations with Honeywell on the MSA had been officially terminated.
Singapore Exchange (SGX) has publicly reprimanded Aspen (Group) Holdings for its breach of the listing rules, Mainboard Rules 703 and 719(1) in relation to its disclosure of its master supply agreement (MSA) with Honeywell International.
On Aug 26, SGX rebuked the group for releasing an announcement on SGXNET, disclosing that one of the group’s subsidiaries had entered into an MSA with Honeywell International, which was “non-factual, false and misleading”.
