SGX RegCo also asked KTL Global to confirm its compliance with the listing rules in the same statement.
KTL Global was last featured in the news when its former CEO, Wilson Tan Kheng Yeow, was charged for cheating the company’s own subsidiary of some $1.5 million in October 2020.
See: Former CEO of KTL Global charged for cheating own subsidiary and false trading
In August 2018, the company’s executive chairman, Tan Kheng Kuan, received a letter from the Commercial Affairs Department (CAD) with regard to a possible criminal offence.
See also: KTL Global's executive chairman interviewed by CAD on possible criminal offence
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Shares in KTL Global closed 2.1 cents higher or 80.8% up at 4.7 cents on Feb 9.
