SGX RegCo says taking 'every step possible within its powers' to assist in Midas investigations

SINGAPORE (May 25): Singapore Exchange Regulation (SGX RegCo) has issued an update on ongoing investigations into Midas Holdings, saying that it has been communicating with Singapore’s Chinese Embassy on the matter and will also extend its full cooperation to the relevant authorities of the case.

“SGX RegCo has been in engagement with the Chinese Embassy in Singapore in relation to communications with the relevant authorities in China on developments at Midas Holdings,” says the regulator in a Friday premarket filing to the SGX.

“Relevant authorities in China, Hong Kong and Singapore are already investigating the case and SGX RegCo understands this process will require due deliberation and time. We are taking every step possible within our powers, and will extend full cooperation to the relevant investigating authorities,” it adds.  

---

Related Stories

• RHB raises target price for SGX to $12.80 from $11.40, citing higher than expected trading volume
• Singapore Exchange insiders cast doubt on stock market revival
• Is SGX nobody’s child?

---