Monday, 24 Aug 2020 03:21 PM MYT
The 63-year-old Singaporean was the chairman and chief executive of Trek 2000 International Limited at the time of his offences in 2010 and 2013. The CAD began investigating the firm in 2016, after receiving information from the Accounting and Corporate Regulatory Authority.Under the Singapore Exchange’s Mainboard Rules, Trek 2000 was required to announce transactions with “interested persons” if the aggregate value amounted to 3 per cent or more of the group’s latest audited net tangible assets.
He also failed to disclose 18 transactions — involving wafer and SD or USB components — with T-Data in the 2013 financial year. He also did not reveal during an audit committee meeting that his son held shares in T-Data.