Midas Holdings

[weijian]

This is quite messy. Even the JM is not co-operating with the Mgt of the company.

STRATEGIC INVESTOR INTRODUCTION REPORT – JILIN MIDAS

The Company view the agreement between Jindou Group, Jilin Midas and the judicial manager to be invalid due to:

1) The judicial manager had continued to deal with Mr. Ma Ming Zhang (“Mr. Ma”) as the legal representative of Jilin Midas even when the Company had made the announcement to remove Mr. Ma and appoint Dr. Xu Wei Dong (“Dr. Xu”) as Jilin Midas’s legal representative on 6 April 2018. This includes honoring whatever power of attorney previously signed by Mr. Ma.

http://infopub.sgx.com/FileOpen/E-%20Str...eID=540559

[weijian]

At least, someone's probably gonna pay for it.

Midas Holdings' former CEO charged under the Companies Act

Mainboard-listed Midas Holdings' former chief executive has been charged with an offence under the Companies Act (CA), for allegedly failing to use reasonable diligence in the discharge of his duties as a director of Midas.

https://www.businesstimes.com.sg/compani...panies-act