SINGAPORE — The chief executive officer of No Signboard Holdings has been suspended from all executive duties after being charged with price rigging offences, said the restau
Sam Lim Yong Sim, who is also the executive chairman of the company, was charged on July 27 with three counts of false trading and market rigging.
The company said on Tuesday Lim has been put on a leave of absence, which involves a suspension from all his executive duties as CEO.The suspension, effective from Tuesday, is"pending the resolution of the proceedings relating to the charges". Non-executive director Lim Teck-Ean will take over as interim CEO and be redesignated as executive director.
No Signboard Holdings' board added it does not expect the charges or suspension to impact its existing business operations or ability to resume the trading of its shares.
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