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SDAI ( (SG:5TI) ) has provided an update.
SDAI Limited has received formal legal advice from Covenant Chambers LLC on the findings of its Phase 2 Special Audit Report and will move ahead with remedial measures. The company plans to issue letters of demand to certain parties to seek explanations and, where applicable, recover any potential improper gains or excessive fees, and will report relevant matters to authorities including the Commercial Affairs Department and the Corrupt Practices Investigation Bureau for further investigation. SDAI cautioned shareholders and potential investors that there is no assurance trading in its shares on SGX-ST will resume and urged them to exercise care regarding any dealings in its securities while these matters remain under review.
More about SDAI
SDAI Limited is a Singapore-incorporated company listed on the SGX Catalist board, whose shares have been suspended from trading since July 2021, reflecting ongoing regulatory and governance concerns surrounding its operations and disclosures.
Current Market Cap: S$33.97M
See more data about 5TI stock on TipRanks’ Stock Analysis page.