SINGAPORE — The chief executive officer of restaurant operator No Signboard Holdings was charged on Thursday (July 27) with price rigging offences.
Lim Yong Sim, who is also the executive chairman of the company, is charged with three counts of false trading and market rigging.
These trades were done between June 19 and June 29, 2018, as well as between Nov 30, 2018 and Jan 11, 2019. At the time, Lim was the director and majority shareholder of Gugong, said the police. The charges against Lim were filed after a joint investigation by the Commercial Affairs Department and the Monetary Authority of Singapore.According to its website, No Signboard runs three restaurants in Singapore — No Signboard Seafood in Geylang, Little Sheep Hot Pot in Orchard, and nosignboard Sheng Jian in Yishun.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No Signboard Holdings CEO charged with price rigging offences in shares buyback schemeSINGAPORE: The chief executive officer of restaurant operator No Signboard Holdings was charged on Thursday (Jul 27) with price rigging offences. Lim Yong Sim, who is also the executive chairman of the company, is charged with three counts of engaging in a course of conduct for the purpose of creating
Read more »
No Signboard CEO Lim Yong Sim charged with share price riggingLim Yong Sim, the executive chairman and chief executive of restaurant operator No Signboard Holdings, was charged for price rigging offences under the Securities and Futures Act (SFA) on Thursday, the Singapore Police Force said. If convicted, he may be jailed for up to...
Read more »
Singapore inflation cooled to 4.2% in June, lowest level in a year - Singapore NewsIt is the second month in a row that inflation has eased in Singapore. Should this trend last, the country’s core inflation rate for the year could decrease to 3 per cent or even less
Read more »
Morning Digest, July 25 - Singapore NewsHere are the top stories you might've missed...
Read more »
Lee Hsien Yang POFMAed for Facebook post on recent controversies - Singapore NewsSINGAPORE: The Government has issued a correction order under the Protection from Online Falsehoods and Manipulation Act (POFMA) to Prime Minister Lee Kuan Yew’s son for alleged falsehoods made in a Facebook criticising his estranged elder brother, current PM Lee Hsien Loong. The POFMA Office said today (25 July) that the post, which was published …
Read more »
WP MP Faisal Manap in ICU for cardiac condition - Singapore News'His family appreciates the public’s concern, and they have requested for privacy so he can focus on his recuperation,' the Workers' Party said in a Media Statement
Read more »