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SGXRegCo reprimands current and former directors of 8Telecom for breaching listing rules

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
SGXRegCo reprimands current and former directors of 8Telecom for breaching listing rules
Shares in 8Telecom last traded on Sept 6, 2019 at 6.9 cents.
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The SGX-ST Listings Disciplinary Committee (LDC) has publicly reprimanded current and former directors of 8Telecom International Holdings (SGX:AZG) namely Liu Lu, Zhang Yuanyuan, Xiang Ying, Tiffany Gong Qian and Wang Zhejun for breaching listing rules.

As a result, the LDC has imposed an order prohibiting any issuer from appointing or reappointing Liu, Zhang and Xiang as a director or executive officer or both for a period of two years starting from Aug 4.

Additionally, Gong shall provide a signed written undertaking to the exchange not to seek any directorship on the board of directors or role as a key executive officer of issuers whose securities are listed on the SGX Mainboard or Catalist for a period of one year starting from Aug 4.

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