Authorities seized assets amounting to $240m linked to 1MDB investigation
In a joint statement by the AGC, CAD, MAS and SPF on Thursday (21 Jul), authorities have seized more than $240 million that are linked to IMDB investigations, for alleged offences such as money laundering, securities fraud and cheating. It is understood that the CAD is investigating offences which may have been committed in...
Temasek to buy out SMRT at $1.68 a share
An offer has been made by Temasek Holdings today (20 Jul) to take rail operator SMRT private at $1.68 a share. In a media statement, the privitsation move would allow SMRT to focus on "delivering sage and high quality rail service, without short term pressures of being a listed company, in the midst of its transition to a new...
All California Fitness gyms to be closed with immediate effect
In an announcement made shortly after midnight today (20 Jul), accounting specialist firm Ferrier Hodgson has been appointed as Provisional Liquidators of JV Fitness Pte Ltd by way of a Court Order on Tuesday (19 Jul). JV Fitness owns and operates the California Fitness brand and the remaining centres located at Bugis,...
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