SGX-ST wins in court against former China Sky director

The Singapore High Court dismissed the application to quash an SGX-Securities Trading Limited’s public reprimand.

The High Court found that the SGX-ST fully and substantively accorded Mr Yeap Wai Kong, a former director of China Sky Chemical Fibre Co Limited, a fair hearing by giving him notice of its intention to reprimand, particulars of the case against him, and full opportunities to be heard.

Meanwhile the SGX-ST reiterated that timely and accurate disclosure is necessary for investors to trade with confidence and that listed companies and their directors have the responsibility to see to it that there is proper disclosure and adherence to listing rules.