Regulatory Actions By SGX::Queries by SGX on the Business Times and Straits Times articles of 25 September 2019
Issuer & Securities
TREK 2000 INTERNATIONAL LTD
TREK 2000 INT'L LTD - SG1I59882965 - 5AB
Regulatory Actions By SGX
Date &Time of Broadcast
Announcement Sub Title
Queries by SGX on the Business Times and Straits Times articles of 25 September 2019
Submitted By (Co./ Ind. Name)
Singapore Exchange Regulation
Description (Please provide a detailed description of the event in the box below)
We refer to the Business Times and Straits Times articles published today regarding charges by the Commercial Affairs Department (CAD) against Mr Henn Tan and 3 other former officers, Mr Poo Teng Pin, Mr Gurcharan Singh and Mr Foo Kok Wah. Please announce the following information via SGXNet by 26 September 2019:
1) Please confirm whether all the charges served upon the aforesaid persons relate to matters that were highlighted by RSM Corporate Advisory Pte Ltd (RSM) in their reports released by the Company on 18 July 2017 and 23 April 2018.
2) Please confirm whether the financial impact of all the matters that are the subject of the CAD charges has been publicly disclosed.
3) On 26 April 2018, SGX RegCo issued a Notice of Compliance requiring the Company to undertake an independent review of the Company s internal controls and corporate governance practices. Please provide an update to shareholders on how the Board has addressed the internal control lapses in the Group.