Brief: No Signboard Refers To Article "No Signboard CEO Charged With Share Price Rigging"

Bromat Holdings

27/07/2023 16:32

July 27 (Reuters) - No Signboard Holdings Ltd  NOSI.SI :
    * REFERS TO ARTICLE "NO SIGNBOARD CEO CHARGED WITH SHARE
PRICE
RIGGING" ON 27 JULY
    * ARTICLE STATES EXECUTIVE CHAIRMAN CHARGED WITH THREE
COUNTS FOR
CREATING FALSE APPEARANCE RELATING TO PRICE OF COMPANY'S SHARES
    * CHARGES AROSE FROM A JOINT INVESTIGATION BY COMMERCIAL
AFFAIRS
DEPARTMENT AND MONETARY AUTHORITY OF SINGAPORE
    * PRIOR TO PUBLICATION OF ARTICLE, BOARD HAD NO KNOWLEDGE OF
ONGOING INVESTIGATIONS RELATING TO CHARGES
    * NEITHER BOARD NOR COMPANY WAS APPROACHED BY AUTHORITIES IN
COURSE OF INVESTIGATIONS
    * NOTES THAT CHARGES MAY IMPACT EXECUTIVE CHAIRMAN
SUITABILITY TO
REMAIN AS A BOARD MEMBER AND KEY MANAGEMENT OF CO
    * COMPANY'S BUSINESS & OPERATIONS HAVE NOT BEEN AFFECTED AND
WILL
CONTINUE AS USUAL
    * INVESTIGATIONS WILL NOT AFFECT CURRENT BOARD AND CFO OF CO
IN
THEIR RESPECTIVE ROLES

Source text for Eikon:  ID:nSN700R5f 
Further company coverage:  NOSI.SI 

 ((Reuters.Briefs@thomsonreuters.com;))