Pang Pok, acting chairman and CEO of GS Holdings 43A is being probed by the authorities for an offence under the Securities and Futures Act.
Pang, according to GS Holdings, has on Oct 26 been asked by the Commercial Affairs Department and the Monetary Authority of Singapore to provide certain documents to assist with the investigation.
Besides attending an interview, Pang has surrendered his passport as well. He is out on bail and as of Oct 30, has not been charged.
According to the company, it is required to provide CAD access to emails and chat messages made using the company's phone by Pang from Jan 1 2021 to Oct 26.
GS Holdings says it will be extending its full cooperation.
GS Holdings says that while Pang is deemed capable of continuing as the CEO, lead independent director Irwin Lim Kee Way will take over Pang as the acting chairman with immediate effect.
The company does not expect its material impact to its operations because of the investigation.
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GS Holdings shares last traded at 4.5 cents.
