unauthorised loans

In print this week

How Midas ended up being a train wreck

SINGAPORE (May 4): Tong Din Eu, executive director of Midas Holdings, told anxious shareholders this past week that the company’s former executive chairman Chen Wei Ping had promised, during a Feb

Management & Corporate Governance

Midas gets 2 letters of demand relating to more unauthorised loans

SINGAPORE (Apr 24): The board of Midas Holdings has received two letters of demand dated Mar 9 and Apr 16, bringing to light another two loan guarantees that the group does not know about.

Management & Corporate Governance

Jilin Midas Aluminium Industries put under judicial management

SINGAPORE (Apr 16): Midas says a court application has been filed against Jilin Midas Aluminium Industries (Jilin Midas) in China on Apr 2 by a lender called Yu Song.

Management & Corporate Governance

Midas uncovers yet another unauthorised loan

SINGAPORE (Apr 11): A day after the Commercial Affairs Department launched its investigations into Midas Holdings, the aluminium parts supplier has uncovered one more unauthorised loan.

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