- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
Public Disciplinary Action by SGX RegCo On 5 May 2022, the SGX-ST Listings Disciplinary Committee reprimands Ang Nam Wah Albert for breaching Catalist Rule 703(1)(a), read with Catalist Rule 302(6), by causing AGV Group Limited (the “Company”) to fail to disclose his involvement in an investigation conducted by the Commercial Affairs Department, which was information known and necessary to be disclosed to avoid the establishment of a false market in the Company’s securities. A summary of the case is set out below:
Background Ang Nam Wah Albert was formerly the Chief Executive Officer of the Company between 2 October 2015 and 13 January 2020. At all material times, he was also an Executive Director of the Company. 1 July 2020
This update is a summary of publicly available regulatory guidance prepared by SAC Capital Private Limited for general information. It is not legal advice. Issuers should refer to the SGX Listing Rules and consult their sponsor or legal adviser.