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Medi-Flex Ltd and two of its former directors, Mr Tu Ah Kim and Mr Hew Yew Fook has been reprimanded by the Singapore Exchange for breaches of Chapter 9 of the listing rules and failures of corporate governance. Apart from the former directors, the exchange also noted the possible involvement of the following former employees of Medi-Flex or its subsidiary, Flexitech Sdn Bhd. The exchange has directed Medi-Flex to lodge a report against the former directors with the Commercial Affairs Department in Singapore and the relevant authorities in Malaysia on the serious irregularities highlighted in the findings of the Ernst & Young Advisory Services Sdn Bhd report. (Closing price: $0.125)
/sgx
