, Singapore
144 views
Logo from No Signboard

No Signboard suspends CEO amidst price rigging investigation

The company also put Lim Yong Sim on leave of absence.

No Signboard has suspended all executive duties of its CEO, Lim Yong Sim, who is being investigated for price rigging. 

In a bourse filing, the company announced that Lim has been put on a leave of absence pending the resolution of the proceedings related to his charges.

Lim will remain a company director despite the suspension of his executive duties.

Lim Teck-Ean will serve as interim CEO whilst Lim is on leave. Teck-Ean will also be re-designated as an Executive Director.

“Lim Teck-Ean is familiar with the group's operations as well as the developments relating to the group's trading resumption application, having been a Non-Executive Director of the Company,” the board said.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Startup pushes preventive healthcare through digitalised longevity solutions
Mito Health CEO Kenneth Lou believes their personalised platform can address potential future health concerns and extend lifespan.
Healthcare
Budget 2024: 3 tax strategies to offset BEPS 2.0 effects
Should the directive be implemented, selected MNEs will be subject to a global minimum tax of 15%.