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Midas Holdings
Regulatory Action
SGX RegCo to scrutinise reappointment of Shanghai Turbo Enterprise's ED Liu Ming
SGX RegCo is also requiring an independent professional to be appointed by May 18 to undertake an independent review of Liu
April 19, 2023
Company in the news
Patrick Chew, former Midas CEO charged for not exercising sufficient diligence as company director
Midas was once a high-flying investors' favourite.
February 10, 2022
1000th issue
The scandal of S-chips
Unfortunately, even after these years, reports of S-chips getting into trouble still crop up occasionally
September 02, 2021
Management & Corporate Governance
Singapore authorities to continue investigation of key Midas personnel amid winding-up woes
SINGAPORE (April 2): Singapore’s authorities say they will continue their investigation into Midas Holdings’ former directors and officers in the event that the insolvent company winds up.
April 02, 2019
Management & Corporate Governance
Facing insolvency with no rescuer in sight, Midas says likely to be liquidated
SINGAPORE (Apr 1): Midas Holdings, which entered into judicial management and is the target of a police probe after the discovery of financial irregularities in early 2018, warned shareholders the group will likely be liquidated when ordered to by the cou
April 01, 2019
In print this week
Real representation of investors required
SINGAPORE (Dec 3): In 2015, the Securities Investors Association (Singapore) helped commodities trader Noble Group organise two shareholder meetings: one was a pre-annual general meeting session; the other was for the purposes of “shareholder communicat
December 05, 2018
In print this week
Exceptionalism has no comparison
SINGAPORE (Nov 23): For decades, Singapore has thrived on the idea that it is, in a word, exceptional. “We are a small country in this part of the world and to survive, you have to be exceptional,” Prime Minister Lee Hsien Loong said at a May Day Rall
November 23, 2018
Management & Corporate Governance
Midas claims possible forgery, insubstantial evidence presented at first hearing in Jilin
SINGAPORE (July 5): New evidence of alleged fraud has been presented against Midas Holdings by Jilin Provincial Micro Refinancing Corp in the first hearing which took place on June 26 in the Jilin High People’s Court.
July 05, 2018
Management & Corporate Governance
Irregularities uncovered in Midas' Dalian subsidiary implicate former top executives
SINGAPORE (June 20): Midas Holdings said it has uncovered up to nine cases of irregularities involving nearly RMB 1 billion ($210 million) its Dalian subsidiary in China.
June 20, 2018
Management & Corporate Governance
Midas finds more evidence of round-tripping and unauthorised bank accounts by China subsidiaries
SINGAPORE (June 14): The board of Midas Holdings has found what could be evidence of more corporate malfeasance among its China-based subsidiaries.
June 14, 2018