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Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

Management & Corporate Governance

Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

Samantha Chiew Published on Tue, Jul 17, 2018 / 11:13 AM GMT+8

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SINGAPORE (July 17): Asiatravel.com Holdings announced Tuesday that it has received a notice of intent from the Singapore Tourism Board (STB) on July 13 to suspend its travel agent licence for six months.

“STB is of the view that there are grounds establishing that the company will not be able to fulfil its financial obligations to a significant segment of the public,” Asiatravel.com says in a filing to SGX.

The government agency had raised concerns over the group’s auditor’s disclaimer of opinion over the continuation of the group as a going concern in its audited financial statements for the period ended Dec 31, 2017.

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Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

Management & Corporate Governance

Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

Primary tabs

Error message

Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

Management & Corporate Governance

Asiatravel.com faces suspension of travel agent licence; non-executive director resigns

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