Brief: Jubilee Industries Updates On Investigations

Jubilee Industries Holdings

02/03/2020 18:06

March 2 (Reuters) - Jubilee Industries Holdings Ltd
 JLJH.SI :
    * EXECUTIVE CHAIRMAN & CEO AND TWO SENIOR MANAGEMENT
REQUESTED BY
CORRUPT PRACTICES INVESTIGATION BUREAU TO ASSIST INVESTIGATIONS
    * PROBE RELATES TO SOME EXPENSES INCURRED, PAYMENT MADE BY
UNIT
HONFOONG PLASTIC INDUSTRIES DURING LUNAR NEW YEAR PERIOD
    * PROBE-RELATED EXPENSES, PAYMENT NOT MATERIAL TO CO'S
FINANCIAL
POSITION
    * BOARD IS OF VIEW THAT CHAIRMAN/CEO AND BOTH OF MANAGEMENT
PERSONNEL SHOULD CONTINUE TO DISCHARGE THEIR RESPONSIBILITIES
    * CO ALSO BEEN INFORMED THAT CHAIRMAN/CEO, ONE OF MANAGEMENT
PERSONNEL HAVE POSTED BAIL IN RELATION TO ALLEGED OFFENCES

Source text for Eikon:  ID:nSNZ6xmr5n 
Further company coverage:  JLJH.SI 

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