Recent charges linked to 2019 investigations: No Signboard CEO

The CEO faced charges over alleged price rigging.

After facing fresh raps on alleged Securities and Futures Act (SFA) violations, No Signboard Holdings CEO Lim Yong Sim clarified to stakeholders that these charges were related to previous probes.

In a bourse filing, No Signboard’s CEO said he “was not provided with any information to give him any reason to believe otherwise.”

Lim was also ordered not to help in any other investigations or interviews with the CAD.

The No Signboard management said they are “ in the process of formulating its view on Lim's suitability to remain as a board member and key management of the Company.” An update will be made on 2 August 2023.

If found guilty, Lim could be charged with a $250,000 fine or imprisoned for seven years.