SINGAPORE - The former director and chief executive officer of printing company Xpress Holdings was charged on Friday for breaching the disclosure obligations of a director and substantial shareholder of the company.
Between May 19, 2014, and June 5, 2015, while Fong was chief executive and director of the company, he allegedly failed to give notice in writing within two business days on changes in his direct and deemed interest in the company’s shares on 11 occasions. In 2015, the Singapore Exchange issued warnings against Xpress Holdings and Fong for failing to make immediate disclosures of two winding-up applications filed against the company and its subsidiary Xpress Print.
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