Brief: Tiong Seng Updates On Investigations On Co's CEO And Executive Director And Director Of TSCPL

TIONG SENG HOLDINGS

24/07/2020 16:08

July 24 (Reuters) - Tiong Seng Holdings Ltd  TISE.SI :
    * UPDATES ON INVESTIGATIONS INVOLVING COMPANY'S CEO AND
EXECUTIVE
DIRECTOR AND DIRECTOR OF TIONG SENG CONTRACTORS (PRIVATE)
    * BOARD INFORMED BY CEO OF CO & DIRECTOR OF TIONG SENG
CONTRACTORS
THAT FURTHER TO INVESTIGATIONS, THEY WERE EACH CHARGED IN COURT
    * PENDING OUTCOME OF CASES, CO'S CEO, DIRECTOR OF TIONG SENG
CONTRACTORS WILL RELINQUISH THEIR CURRENT EXECUTIVE ROLES IN
GROUP FROM 31 JULY
    * DEFENDANTS CHARGED ON 2 COUNTS OF ABETTING TO CONSPIRE TO
GIVE
GRATIFICATION IN FORM OF LOANS TO EMPLOYEE OF LAND TRANSPORT
AUTHORITY
    * NO CHARGES WERE FILED AGAINST TIONG SENG CONTRACTORS
(PRIVATE)
OR ANY OTHER COMPANIES IN GROUP
    * APPOINTED PAY SIM TEE AS CEO WITH EFFECT FROM 1 AUG

Source text for Eikon:  ID:nSNZ3qNwgM 
Further company coverage:  TISE.SI 

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