Regulatory Actions By SGX::SGX reprimands Sunvic Chemical Holdings Limited

Issuer & Securities

Issuer/ Manager
SUNVIC CHEMICAL HOLDINGS LIMITED
Securities
SUNVIC CHEMICAL HOLDINGS LTD - SG1U49933948 - A7S
Stapled Security
No

Announcement Details

Announcement Title
Regulatory Actions By SGX
Date &Time of Broadcast
30-Nov-2015 17:35:43
Status
New
Announcement Sub Title
SGX reprimands Sunvic Chemical Holdings Limited
Announcement Reference
SG151130OTHR8KTB
Submitted By (Co./ Ind. Name)
Lorraine Chay, SGX
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange Limited reprimands Sunvic Chemical Holdings Limited (the "Company") for breaches of listing rules relating to interested person transactions ("IPTs"). The Company failed to make immediate announcements of and seek shareholders' approval for IPTs conducted in FY2013, FY2014 and FY2015 with associates of Sun Xiao, the Company's Executive Director and Chief Executive Officer (the "CEO") (appointed on 9 January 2013) and the late Sun Liping, the former Executive Chairman and CEO (appointed from 24 April 2009 to 9 January 2013). The Company also failed to ensure that IPTs were properly disclosed in the Company's respective Annual Reports for FY2013 and FY2014.

Attachments

20151130_Sunvic_Company_Reprimand.pdf
Total size =333K