Midas Holdings

Management & Corporate Governance

Singapore authorities to continue investigation of key Midas personnel amid winding-up woes

SINGAPORE (April 2): Singapore’s authorities say they will continue their investigation into Midas Holdings’ former directors and officers in the event that the insolvent company winds up.

Management & Corporate Governance

Facing insolvency with no rescuer in sight, Midas says likely to be liquidated

SINGAPORE (Apr 1): Midas Holdings, which entered into judicial management and is the target of a police probe after the discovery of financial irregularities in early 2018, warned shareholders the

In print this week

Real representation of investors required

SINGAPORE (Dec 3): In 2015, the Securities Investors Association (Singapore) helped commodities trader Noble Group organise two shareholder meetings: one was a pre-annual general m

In print this week

Exceptionalism has no comparison

SINGAPORE (Nov 23): For decades, Singapore has thrived on the idea that it is, in a word, exceptional.

Management & Corporate Governance

Midas claims possible forgery, insubstantial evidence presented at first hearing in Jilin

SINGAPORE (July 5): New evidence of alleged fraud has been presented against Midas Holdings by Jilin Provincial Micro Refinancing Corp in the first hearing which took place on June 26 in the Jilin

Management & Corporate Governance

Irregularities uncovered in Midas' Dalian subsidiary implicate former top executives

SINGAPORE (June 20): Midas Holdings said it has uncovered up to nine cases of irregularities involving nearly RMB 1 billion ($210 million) its Dalian subsidiary in China.

Management & Corporate Governance

Midas finds more evidence of round-tripping and unauthorised bank accounts by China subsidiaries

SINGAPORE (June 14): The board of Midas Holdings has found what could be evidence of more corporate malfeasance among its China-based subsidiaries.

Management & Corporate Governance

Midas' former executive chairman Chen refutes board allegations he refused to answer questions

SINGAPORE (May 26): Lawyers of Chen Wei Ping, Midas’ former executive chairman, have written to its board refuting allegations he had refused to answer questions related to unauthorised loans and c

Management & Corporate Governance

Midas' lawyers accuse former CEO Chew of 'dereliction of duties'; to claim damages for breaches

SINGAPORE (May 23): Scandal-plagued Midas Holdings on Wednesday published a letter from its lawyer, Legal Options LLC, claiming that former CEO Patrick Chew had breached his contractual, statutory,

Management & Corporate Governance

Midas' former CEO Chew demands repayment of $3.3 million from company

SINGAPORE (May 11): Patrick Chew, the former CEO of scandal-plagued Midas Holdings, has sent the company a lawyer’s letter demanding the repayment of nearly $3.3 million.

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