Dec 1, 2015
SGX reprimands Sunvic
Sunvic, an S-chip issuer, is in trouble for not disclosing interested person transactions worth RMB 1.6 billion which made up a (whopping) 30% of its net tangible assets in 2015. No shareholder approval or ratification was obtained either.
BT Article
SGX reprimand
Sunvic’s current board of directors:
Sun Xiao (ED and CEO)
Yang Guoqiang (ED)
Zhu Wuling (ED)
Siow Chee Keong (Lead ID) Management consultant with JF Virtus
Raymond Ong Sie Hou (ID) Director at CTLC Law Corporation
Yap Chee Wee (ID) Founder of Fleur Capital, fund management company