The Celestial Nutrifoods Investor Network has published instructions for shareholders and bondholders on how to file complaints about Celestial Nutrifoods with the Commercial Affairs Department and the Singapore Exchange.
If you are an investor and you think that there has been wrongdoing at
Celestial Nutrifoods then you need to file a report with the Commercial Affairs Department (CAD). They handle investigations on matters such as
corporate fraud. If you do not file a complaint, no one will ever be
investigated or punished.
Director
Commercial Affairs Department
391 New Bridge Road #06-701
Police Cantonment Complex Block D
Singapore 088762
You also need to file a report with the Singapore Exchange since Celestial Nutrifoods failed to disclose asset transfers and lender agreements, a violation to SGX's rules. Write to the SGX Regulatory Matters Group at the following address:
RMR/MSE
4 Shenton Way
#02-01, SGX Centre 2
Singapore 068807
Showing posts with label singapore exchange. Show all posts
Showing posts with label singapore exchange. Show all posts
Contact SGX
SGX encourages investors to report securities issuers who are violating corporate governance standards or breaching SGX rules and regulations. Investors must raise awareness of the questionable conduct at Celestial Nutrifoods over the last few years.
Specifically, investors must complain about the irregular, inconsistent and incomplete disclosure made by Celestial in the company's SGX filings. Management misrepresented its intentions in 2008/2009 when it declared publicly that it was preparing to redeem outstanding convertible bonds. Also, the massive "investments" that were made by management have never been properly accounted for. This lack of transparency is unacceptable for an SGX listed company.
Write to the SGX Regulatory Matters Group at the following address:
RMR/MSE
4 Shenton Way
#02-01, SGX Centre 2
Singapore 068807
Specifically, investors must complain about the irregular, inconsistent and incomplete disclosure made by Celestial in the company's SGX filings. Management misrepresented its intentions in 2008/2009 when it declared publicly that it was preparing to redeem outstanding convertible bonds. Also, the massive "investments" that were made by management have never been properly accounted for. This lack of transparency is unacceptable for an SGX listed company.
Write to the SGX Regulatory Matters Group at the following address:
RMR/MSE
4 Shenton Way
#02-01, SGX Centre 2
Singapore 068807
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