10-08-2023, 09:00 PM
The chief executive officer of No Signboard Holdings has been suspended from all executive duties after being charged with price rigging offences, said the restaurant operator in a filing on Tuesday (Aug 8).
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 46-year-old is accused of placing orders for No Signboard Holdings shares, and trades in the shares were executed through the account of Gugong — the majority shareholder of No Signboard Holdings — to push up or support the prices.
More at https://tinyurl.com/3vymx3kz
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 46-year-old is accused of placing orders for No Signboard Holdings shares, and trades in the shares were executed through the account of Gugong — the majority shareholder of No Signboard Holdings — to push up or support the prices.
More at https://tinyurl.com/3vymx3kz