SINGAPORE – Two firms linked to Singaporean businessman Ng Yu Zhi, the alleged mastermind behind a US$1.1 billion bogus trading scheme, are being wound up.
Resolutions were passed by the sole shareholder of the two companies at an extraordinary general meeting on June 16 to voluntarily liquidate the companies. The two firms – Envy Capital and Envy Strategic Holdings – are owned by Envy Management Holdings, where Ng, 33, is one of two directors. The other director is Ms Lee Si Ye.
Please subscribe or log in to continue reading the full article.
Get unlimited access to all stories at $0.99/month
- Latest headlines and exclusive stories
- In-depth analyses and award-winning multimedia content
- Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
*Terms and conditions apply.
