Oxley Holdings Ltd. (SG:5UX) has released an update.
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Oxley Holdings Ltd. has provided clarifications regarding allegations against its CEO, Mr Ching Chiat Kwong, concerning a corruption investigation in Italy. The board became aware of the allegations on July 24, 2024, and has since confirmed that Mr Ching is not subject to any personal restrictions in Italy and that his investment activities in Venice are not related to the corruption case mentioned in the media. The company addressed the issue promptly with a public announcement on the same day the board was informed.
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