Incredible Holdings says independent director assisting in CAD, MAS investigation
The probe relates to the company’s affairs; director is not named.
Incredible Holdings disclosed on September 19 that one of its independent directors is collaborating with the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) in ongoing investigations. According to the company's filing, the director was invited to attend an interview on September 18 regarding potential offences under the Securities and Futures Act (Chapter 289) and the Securities and Futures Act 2001. The company has not received additional information from CAD and MAS about their investigations.
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