Rule 703 states that the issuer has to announce any information on the SGX that may affect its share price or to avoid the establishment of a false market in its shares.
The Singapore Exchange (SGX:S68
) Regulation (SGX RegCo) has issued a reprimand to the former directors of Nutryfarm International (SGX:AZT) who were accused of breaching rule 701(1)(b) of the SGX rulebook.
The former directors were former executive director and CEO Cheng Meng, former non-executive chairman Terence Luk Chung Po, former non-executive and non-independent directors Ng Poh Khoon Jimmy and Neo Chee Beng, former non-executive independent directors Lee Pih Peng and Low Chin Chin Parn Eric as well as former executive director Levin Lee Keng Weng.
