New Silkroutes Group Ltd, a Singapore investment holding company focused on healthcare and energy, announced on Friday (25 September) that it has received a notice dated Thursday, 24 September 2020 from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) requiring New Silkroutes to provide certain information and documents in relation to an investigation by the CAD into a possible offence under the Securities and Futures Act (Chapter 289) of Singapore.
“One of the Directors of the Company and certain senior management and former management are also assisting the CAD in the said investigation,” said Dr Goh Jin Hian, the Chief Executive and Executive Director of New Silkroutes.
New Silkroutes said it will be providing its full cooperation with CAD and MAS to assist the said investigation, and its operations have not been affected and will continue as usual.
In a separate SGX filing, Teho International Inc announced that Kelvyn Oo, an Independent Director at Teho, and former Executive director and Chief Corporate Officer at New Silkroutes will be assisting the CAD in the investigation.
Photo credit: Google Maps
Published: 28 September, 2020
Patrizia Cosulich becomes first bunker tanker in Singapore to undertake its Mass Flow Meter extension test using the Master Mass Flow Meter, learns bunkering publication Manifold Times.
Bunker claims totalling SGD 628,000 for 88 deliveries of marine gas oil between the period of 7 February 2020 until 15 April 2020, according to documents obtained by Manifold Times.
Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.
Bunker suppliers and bunker craft operators may choose to carry out meter verification using either existing MIMO method OR with the use of a Master Meter.
Pai Kheng Pheng of Sentek Marine & Trading Pte Ltd on Thursday (8 October) was ordered remanded for a further week for investigations, AGC spokesperson informs Manifold Times.
INTERTANKO, BIMCO, SSA, IBIA Asia share what the technology brings to the waterfront, while operator Metcore International and manufacturer Endress+Hauser explain its benefits to the bunkering industry.