Pokka ex-CEO and husband of former brand face Vivian Lai fined $15k for not declaring links to another drinks company

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

As the former chief executive of beverage company Pokka International, Ong Eng Sing had to declare his partial ownership of a drinks company when the two companies entered into a transaction. But he did not, and on Monday (Aug 22), the 47-year-old Singaporean was fined $15,000 after pleading guilty to three charges under the Companies Act. He was also disqualified...

As the former chief executive of beverage company Pokka International, Ong Eng Sing had to declare his partial ownership of a drinks company when the two companies entered into a transaction.

He was also disqualified from acting as a director or taking part in the management of a company for two years. Between 2010 and 2017, he held various positions in the two Pokka entities, including director of both entities, while beneficially owning 40 per cent of shares in drinks company Asian Story Corporation .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines