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DBS ceases coverage on surprising corporate governance lapses in Midas

Stanislaus Jude Chan
Stanislaus Jude Chan2/9/2018 04:12 PM GMT+08  • 2 min read
DBS ceases coverage on surprising corporate governance lapses in Midas
SINGAPORE (Feb 9): DBS Group Research has pulled the plug on coverage of Midas Holdings, after the company announced late Thursday night that certain sums of money and shares in its China subsidiaries and associates have been frozen by Chinese courts.
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SINGAPORE (Feb 9): DBS Group Research has pulled the plug on coverage of Midas Holdings, after the company announced late Thursday night that certain sums of money and shares in its China subsidiaries and associates have been frozen by Chinese courts.

Midas called for the suspension of trading in its stocks at 9am on Friday.

This comes after the supplier of aluminium parts to the rail sector said it uncovered several litigations, enforcement orders and court documents involving its various subsidiaries and associate companies based in China.

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