Tat Seng Packaging Group Ltd (SG:T12) has released an update.
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Tat Seng Packaging Group Ltd has announced the arrest of Mr. Sun Jian Yi, General Manager of its Chinese subsidiary Hefei Dansun, for an ongoing investigation into steam energy consumption meter readings. The company has engaged legal advisors to handle the situation and asserts that Hefei Dansun’s operations continue as normal. Shareholders and potential investors are cautioned to be prudent in their dealings with the company’s shares and to stay informed through upcoming announcements.
For further insights into SG:T12 stock, check out TipRanks’ Stock Analysis page.