Investigators have launched a probe into No Signboard Holdings' recent share buyback. The stock fell by 8.33 per cent to 7.7 cents after the probe announcement was released before markets opened. No Signboard said the Commercial Affairs Department (CAD) asked it last Wednesday about a purchase by the company of its own shares on Jan 31. The stock was bought at a price above the regulatory limit set for buybacks and was carried out during a blackout period. No Signboard said it has provided the CAD with copies of documents in connection with the buyback. Its chief executive Sam Lim Yong Sim and chief financial officer Voon Sze Yin have given statements. Mr Lim's passport has also been retained by the CAD, which the company described as a requirement during investigations. No one in the company has been arrested or charged, and operations "have not been affected and will continue as usual", it added. Earlier announcements by No Signboard disclosed that Mr Lim instructed the company's … [Read more...] about Investigators launch probe into No Signboard’s recent share buyback
Investigation
York Region police investigate anti-Semitic graffiti found in Vaughan
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By Jeremy Grimaldi YorkRegion.com Mon., April 29, 2019 The York Region police hate-crime unit is investigating after anti-Semitic graffiti was spray-painted on the front of the garage of a Vaughan home Friday. Police said they responded to a call Saturday morning at 8:30 a.m. to a residence on Stratheden Ln., near Dufferin St. and Major Mackenzie Dr. Police believe the vandalism took place Friday between 6 p.m., and 11:45 p.m. A swastika spray-painted in red was found, along with threats. York police had increased police presence at religious sites around the region on the weekend after a gunman entered a synogogue in California on Saturday and shot four people, killing one. Thornhill MPP Gila Martow said in a statement that “hate has no bounds.” Article Continued Below “It’s heartbreaking to see the Jewish community targeted by hate once again,” she wrote on Facebook. “This is especially disturbing with a recent … [Read more...] about York Region police investigate anti-Semitic graffiti found in Vaughan
News Flight data recorder of ill-fated helicopter recovered by investigators
MANILA - The most important part of the Airbus H-130 Eurocopter that crashed Thursday at a fish pond in Malolos, Bulacan was recovered by aircraft accident investigators of the Civil Aviation Authority of the Philippines (CAAP) Monday. CAAP spokesperson Eric Apolonio, in a phone interview with ABS-CBN News, said the flight data recorder (FDR) of the ill-fated helicopter with registry number RPC 8098 was recovered intact from the crash site. Multi-awarded businessman, 2 others killed in Bulacan helicopter crash Apolonio said that the absence of a distress call prior to crash, as well as the death of all the passengers, can keep investigators in the dark as to what happened. In this case, only the flight data recorder can determine the technical information including the condition of the aircraft moments before it crashed, Apolonio added. It would take three to six months to completely evaluate technical data in the FDR. The Airbus Eurocopter, a modern design helicopter, is widely used … [Read more...] about News Flight data recorder of ill-fated helicopter recovered by investigators
KPK raid trade minister’s office in bribery investigation
Corruption Eradication Commission (KPK) investigators were raiding the office of Trade Minister Enggartiasto "Enggar" Lukita on Monday in connection to a case of alleged bribery pertaining to shipping arrangements involving the country’s largest fertilizer company, PT Pupuk Indonesia Holding Company (PIHC). “We are raiding the minister’s office as we need to follow up on and verify several pieces of information we obtained during the investigation of the suspect BSP,” KPK spokesperson Febri Diansyah said on Monday, referring to Golkar Party lawmaker Bowo Sidik Pangarso. "Investigators have seized several documents related to the sugar trade,” he said, adding that the raid was still ongoing as of Monday afternoon. Bowo allegedly accepted a total of Rp 8 billion (US$563,300) from several people, including private transportation company PT Humpuss Transportasi Kimia marketing manager Asty Winasty, a company that provides sea transportation for PT Pupuk … [Read more...] about KPK raid trade minister’s office in bribery investigation
CAD investigating No Signboard over share buyback; CEO’s passport seized
SINGAPORE - Singapore investigators have launched a probe into No Signboard Holdings' recent share buyback and obtained statements from the restaurant group's key executives, the company announced on Monday (April 29) before the market opened. No Signboard said that it is "fully cooperating" with the Singapore Police Force's Commercial Affairs Department (CAD) after receiving requests on April 24 to assist investigations into a Jan 31, 2019, purchase by the company of its own shares. Those shares were bought at a price that was above the regulatory limit on share buybacks and purchased during a black-out period. From April 24 to April 26, the company provided CAD with access to and copies of documents in connection with the abortive share buyback, the company said. Chief executive Sam Lim Yong Sim and chief financial officer Voon Sze Yin have also given statements to the CAD to provide information in connection with the matter. Mr Lim's passport has been retained by the CAD, which the … [Read more...] about CAD investigating No Signboard over share buyback; CEO’s passport seized