The two transactions involve the disposal of 9 million shares in GCM Resources through the company’s wholly-owned subsidiary MEG Global Ventures and the acquisition of a convertible loan from Revenue Anchor (RA) pursuant to a deed of assignment between RA and MGV.
The SGX-ST Listings Disciplinary Committee (LDC) has publicly reprimanded five individuals associated with Magnus Energy Group (SGX:41S
) for breaching the Catalist rules in connection with two transactions.
The five individuals are former CEO Luke Ho Khee Yong, former independent director and chairman Kushairi Zaidel, former independent director John Ong Chin Chuan, former non-independent non-executive director Ong Sing Huat and former independent director Seet Chor Hoon.
