Hotel Properties MD Charged, Company Advises Caution

Hotel Properties Limited (SG:H15) has released an update.

Hotel Properties Limited has announced that its Managing Director, Mr Ong Beng Seng, has been charged with abetting a public servant in obtaining gifts and obstruction of justice, according to Singapore’s Penal Code. Although Mr Ong is currently on bail and seeking legal advice, the Company’s Nominating Committee believes he is still suitable to fulfill his role. Shareholders and potential investors have been advised to exercise caution when dealing with the company’s shares.

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