SINGAPORE (May 31): Singapore Exchange (SGX) has issued a public reprimand to Jason Holdings and Jason Sim Chon Ang, the company’s former executive director and chief executive officer, for breaches to the Catalist Rules.

Based on findings of the reviews conducted by Ernst & Young Advisory (EY), the company’s internal auditors and external auditors, the group was found to have materially overstated its revenue in 1H15.

This was the result of Sim giving instructions and authorising the inclusion of undelivered materials in progress claim billings to customers.

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