Rich Capital to commission review to protect JV investments, look into potential breaches
Singapore
THE audit committee (AC) of Rich Capital Holdings' board will commission an independent review to protect its investments in joint venture (JV) Oxley Karya Indo Batam (OKIB) and to look into the possibility of potential breaches of regulations and listing rules.
This is to address "external forces at play and potential internal issues", the Catalist-listed property developer said on Tuesday in response to the Singapore Exchange's (SGX) queries.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
Shell exits China power market businesses
DuPont beats profit estimates, raises full-year forecasts
Binance founder Zhao Changpeng gets four months in prison
Apple set for big sales decline as investors await AI in iPhones
Microsoft, Brookfield to partner on renewable energy projects