SINGAPORE (June 9): The independent non-executive director of Jadason Enterprises, Teo Kiang Kok, who is also a director of Hyflux, is under investigation for suspected false and misleading statements as well as breaches of disclosure requirements under Hyflux.

According to an SGX filing on Tuesday, Teo had informed Jadason Enterprises that he is a director of Hyflux, and confirmed that he is under investigation by the Commercial Affairs Department (CAD), the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA).

As at 1.36pm, Jadason Enterprises’ shares are changing hands 6.9% up at 3.1 cents.

See also: Hyflux and directors under joint probe by CAD, MAS and ACRA