SINGAPORE: Singapore’s central bank has slapped a fine on a government-linked company and let off another with a warning for breaching corporate disclosure rules in an enforcement blitz that also hit four other companies.
The Monetary Authority of Singapore (MAS) said on its website that the fund management arm of the Economic Development Board (EDB) had failed to declare changes in its substantial shareholdings in two locally listed firms, including scandal-hit Accord Customer Care Solutions (ACCS).