Jeffrey Ong Su Aun

RED LIST REPORT
JEFFREY ONG SU AUN
JEFFREY ONG SU AUN 12 Jan 2022
RED SCORE
Direct : CAD | MAS

Indirect : ACRA | CAD | HKEx | MAS | SGX(I)-Related Regulatory and Enforcement Events | SIC | Singapore Exchange
Derivatives Trading Limited | Singapore Exchange Securities Trading Limited
PERSON INFORMATION
Type : Others CM
Effective Date of Current Name :-
Former / Other Name(s) (Effective Date) : Ong Su Aun, Jeffrey -
Wang Ci’An, Jeffrey -
王賜安 -
Nationality / Citizenship :-
Date of Birth :-
NRIC No. / FIN / Passport No. : S7724757B
Registered Address : 33 Club Street, #11-18 Emerald Garden, Singapore 069415
Status :-
Ownership Layers :-
PERSON INFORMATION
Type : Others CRSG

Effective Date of Current Name :-
Former / Other Name(s) (Effective Date) : ONG SU AUN JEFFREY (WANG CI'AN) -
Nationality / Citizenship : SINGAPORE
Date of Birth :-
NRIC No. / FIN / Passport No. : S7724757B
Registered Address : 33 CLUB STREET, #11-18 EMERALD GARDEN, SINGAPORE 069415
Status :-
Ownership Layers :-
DIRECT EXPOSURE RESULTS
Search Subject was the target of the following RED events :
1. CAD Investigation into false trading and market rigging by 21 companies and 16 individuals
Event Details :
On 2 Apr 2014, Blumont Group Ltd (the "Company" or "Blumont") announced that G1 Investments Pte Ltd (“G1 Investments”), a wholly-
12 Jan 2022 | 10:21 AM Page 1 of 46

Private & Confidential
Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
owned subsidiary of Blumont, received a notice dated 2 Apr 2014 from the Commercial Affairs Department of the Singapore Police Force
("CAD") requiring G1 Investments’ assistance with the CAD’s investigations into an offence under the Securities and Futures Act (Chapter
289) (the “SFA”).
The CAD requested for access to, amongst others, all corporate electronic data from 1 Jan 2011 to-date, information technology
equipment and data storage devices (if any) belonging to Mr. Neo Kim Hock, the Executive Chairman, and Mr. James Hong Gee Ho ("Mr.
Hong"), the Executive Director of Blumont.
The CAD requested for access to, all corporate electronic data, information technology equipment and data storage devices belonging to
Mr Koh Teng Kiat, the Executive Director and Mr Luke Ho Khee Yong, the Chief Financial Officer and all other relevant documents from 1
Jan 2011 to date.
The Company has been informed that Mr. Hong has been requested to assist the CAD in its investigations into a possible infringement
under the SFA. Mr. Hong has indicated that he will cooperate fully with the CAD in its investigations.
On 2 Apr 2014, Magnus Energy Group Ltd. ("Magnus") announced that its subsidiaries, MEG Global Ventures Pte. Ltd. (“MGV”), APAC
Coal Limited (“APAC”), and Wallmans Limited (“Wallmans”), its former subsidiary, have received Notices dated 2 Apr 2014 from the CAD
requiring MGV, APAC and Wallmans’ assistance with the CAD’s investigations into an offence under the SFA.
The CAD has requested for access to, all corporate electronic data, information technology equipment and data storage devices
belonging to Mr Koh Teng Kiat ("Mr Koh"), the Executive Director of the Company and Mr Luke Ho Khee Yong ("Mr Ho"), the Chief
Financial Officer of the Company and all other relevant documents from 1 Jan 2011 to date.
On 4 Apr 2014, Magnus announced that Mr Koh Teng Kiat, the Executive Director of Magnus and Mr Luke Ho Khee Yong, the Chief
Financial Officer of Magnus have been interviewed by the CAD in relation to its investigations and their passports have been impounded.
Each of Mr Koh and Mr Ho has also been notified that in the course of police investigations into the offence of false trading and market
rigging under Section 197 of the SFA, there have arisen reasonable grounds for believing that he has committed an offence.
On 24 Apr 2014, Blumont announced that the CAD is conducting an investigation into possible breaches of the SFA of Singapore arising
from suspected trading irregularities in the shares of Blumont.
On 29 Apr 2014, the Company announced that the Company and G1 Investments have each received a notice dated 29 Apr 2014 from
the CAD requiring their respective assistance with the CAD’s investigations into an offence under the SFA.
The CAD has requested the Company for access to the following:
(a) all accounting records for the period from 1 Jan 2011 to 31 Mar 2014;
(b) all minutes of meetings and resolutions for the period from 1 Jan 2011 to 31 Mar 2014;
(c) all documents relating to the following announcements made by the Company:
i. proposed investment and takeover bid for all the fully paid ordinary shares of Cokal Limited;
ii. proposed acquisition of Hudson Minerals Holdings Pte. Ltd.;
iii. proposed acquisition of Powerlite Ventures Limited;
iv. proposed investment in Resource Generation Limited;
v. results warning for the second quarter ended 30 June 2013 announced on SGX-ST on 19 Jul 2013; and
(d) any other relevant documents.
The CAD has also requested G1 Investments for access to all accounting records, minutes of meetings and resolutions, and any other
relevant documents of G1 Investments and Waddells International Limited (a wholly-owned subsidiary of G1 Investments) for the period
from 1 Jan 2011 to 31 Mar 2014.
In early Apr 2014, the CAD ran investigations into false trading and market rigging, an offence under the Securities and Futures Act
(Chapter 289) ("SFA"), on several companies, namely : Innopac Holdings Limited, LionGold Corp Ltd, Magnus Energy Group Ltd.,
Blumont Group Ltd, ISR Capital Limited, IPCO International Ltd, and Annica Holdings Limited.
CAD of the Singapore Police Force ("SPF") has also commenced an investigation into possible breaches of the Securities and Futures
Act (Cap. 289) arising from suspected trading irregularities in the shares of Asiasons Capital Limited, Blumont Group Ltd and LionGold
Corp Ltd. CAD is working jointly with the Monetary Authority of Singapore ("MAS") in the investigation.
CAD had on 2 April 2014 served orders under section 20 of the Criminal Procedure Code of Singapore, Chapter 68, to Innopac Holdings
Limited and 5 of its subsidiaries and a former associate company to hand over computers, data storage devices, files and financial
records belonging to these entities. The CAD orders are in connection with their investigation into possible breaches of the SFA arising
from suspected trading irregularities in the shares of Asiasons Capital Limited, Blumont Group Ltd. and LionGold Corp Ltd, for the period
from 1 January 2011 to 16 October 2014. The Company and the relevant subsidiaries have cooperated fully with the CAD.
12 Jan 2022 | 10:21 AM Page 2 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
On 29 Apr 2014, Magnus announced that Antig Investments Pte. Ltd. (“Antig”), its subsidiary, have each received a notice dated 29 April
2014 from the CAD requiring their respective assistance with the CAD’s investigations into an offence under the SFA (Chapter 289).
The CAD has requested each of the Company, Antig and Wallmans for access to the following for the period from 1 Jul 2010 to 31 Mar
2014 – (i) all accounting records; (ii) all minutes of meetings and resolutions; and (iii) any other relevant documents.
Innopac Holdings Limited ("Innopac")

On 3 Apr 2014, Innopac announced that Wong Chin-Yong ("Mr. Wong"), the Chief Executive Officer and executive director of the Innopac,
has been requested by the CAD to assist with investigations in relation to an offence under the the Securities and Futures Act (Cap. 68).
The CAD requested for access to, amongst others, all corporate electronic data from 1 Jan 2011 to-date, information technology
equipment and data storage devices (if any) belonging to Mr. Wong.
LionGold Corp Ltd ("LionGold")

On 2 Apr 2014, CAD sent a notice of investigation into an offence under the SFA to LionGold, requiring LionGold to provide to CAD
access to the following for the period from 1 Jan 2011 to date:
(i) all corporate electronic data, information technology equipment and data storage devices belonging to Ms. Lynne Ng Su Ling and Mr.
Peter Chen Hing Woon; and
(ii) all other relevant documents.
LionGold Investments Pte. Ltd. (“LionGold Investments”), a wholly-owned subsidiary of LionGold, has also received a similar notice dated
2 Apr 2014 from CAD, requiring LionGold Investments to provide CAD with access to the following for the period from 1 Jan 2011 to date:
(i) all corporate electronic data, information technology equipment and data storage devices belonging to Mr. Peter Chen Hing Woon; and
ITE Electric Co Ltd ("ITE")

On 3 Apr 2014, ITE announced that ITE and its wholly-owned subsidiary, ITE Assets Holdings Pte Ltd (“ITE Assets”), received notices
from the CAD of investigations into an offence under the SFA.
Pursuant to the said notices, the ITE and ITE Assets were requested to provide CAD with access to information for the period from 1 Jan
2011 to date, relating to, inter alia, all corporate electronic data, information technology equipment, and data storage devices belonging to
ITE Assets (including all records pertaining to securities trading and in relation to accounts held with financial institutions), Mr. Ho Cheng
Leong, Mr. Ang Cheng Gian and Mr. Goh Hin Calm, and all other relevant documents
ISR Capital Limited ("ISR")

On 2 Apr 2014, ISR was served a notice by CAD of investigations into an alleged offence under the SFA which requires ISR to provide
CAD access to the following for the period from 1 Jan 2011 to date:
(i) all corporate electronic data, information technology equipment and data storage devices belonging to Ms. Quah Su-Yin, Chief
Executive Officer and Executive Director of ISR, and
(ii) any other relevant documents.
In addition, five other wholly-owned subsidiaries of ISR and two funds (including two subsidiaries of the fund) managed by a subsidiary of
the ISR also received similar notices dated 2 Apr 2014 from CAD, requiring these companies to provide CAD with, inter alia, access to all
corporate electronic data, information technology equipment and data storage devices belonging to directors and an employee of these
companies.
IPCO International Limited ("IPCO")

On 2 Apr 2014, IPCO and some of the subsidiary namely IPCO Constructors Private Limited, (“ICPL”), Friendship Bridge Holding
Company Pte Ltd (“FBHCPL”), Nueviz Investment Pte Ltd (“Nueviz”) and Sino Gas Holdings Pte Ltd (“SGHPL”), were served with notices
by CAD of investigations into an offence under the SFA, requiring their assistance to the CAD.
The information sought under the notices included, inter alia, all corporate electronic data, information technology equipment and data
storage devices and all other relevant documents for the period from 1 Jan 2011 to date.
Annica Holdings Limited ("Annica")

On 3 Apr 2014, Annica received a notice from the CAD stating that it is conducting investigations into an offence under the SFA and that it
requires access to the following for the period from 1 Jan 2011 to 3 Apr 2014:
(i) all records pertaining to securities trading;
(ii) all records in relation to accounts held with financial institutions;
(iii) all corporate electronic data, information technology equipment and data storage devices belonging to the current directors and Mr.
Lim Meng Check; and
(iv) any other relevant documents.
Mr. Edwin Sugiarto, the Annica’s Chairman and Executive Director, was interviewed by CAD officers in relation to its investigations. His
passport has been impounded and he is currently on police bail. Mr. Goh Hin Calm, an Independent and Non-Executive Director of
Annica, is assisting the CAD with its investigations.
Annica’s subsidiaries, Industrial Power Technology Pte Ltd (“IPT”) and PJ Services Pte. Ltd (“PJ”), also each received a similar notice
dated 3 Apr 2014 from the CAD, requiring them to provide the CAD with access to the following for the period from 1 Jan 2011 to 3 Apr
12 Jan 2022 | 10:21 AM Page 3 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
2014:
(a) in the case of IPT:
(i) all corporate electronic data, information technology equipment and data storage devices belonging to Mr. Edwin Sugiarto; and
(ii) any other relevant documents; and
(b) in the case of PJ:
(i) all corporate electronic data, information technology equipment and data storage devices belonging to Mr. Lim Meng Check and Mr.
Edwin Sugiarto; and
On 16 Dec 2015, Ryobi Kiso Holdings Ltd announced that in Apr 2014, Ng Phick Suan ("Ng") assisted in the investigation conducted by
the CAD in relation to the affair of a company listed on SGX-ST. Ms Ng assisted in her then capacity as Financial Controller of the
company and was not the subject of the investigation.
On 26 Jul 2018, Annica announced that as stated in its Annual Report for FY2017, the CAD had confirmed on 14 Feb 2018 that its
investigations are on-going.
In this regard, the Company has been informed that its Non-Independent and Non-Executive Director, Mr. Nicholas Jeyaraj s/o Narayanan
(“Mr. Narayanan”) has received a notice dated 13 Jul 2018 from the CAD seeking his assistance in the investigations. In this connection,
Mr. Narayanan was interviewed by the CAD on 17 Jul 2018.
Mr. Narayanan intends to co-operate fully and extend all necessary assistance to the relevant authorities.
On 27 Sep 2018, the Company announced that it has been informed that the following individuals have also received similar notices from
the CAD to seek their assistance in the investigations, and in this connection:
- Mr. Jeffrey Ong Su Aun, the Acting Independent and Non-Executive Chairman of the Company (“Mr. Ong”) was interviewed by the CAD
on 10 Sep 2018;
- Mr. Raymond Tan Soo Khoon, the former Lead Independent Director of the Company (“Mr. Tan”) was interviewed by the CAD on 11 Sep
2018
- Mr. Augustine A/L T. K James, the former Lead Independent and Non-Executive Director of the Company (“Mr. James”) was interviewed
by the CAD on 4 Sep 2018; and
- Mr. N Sivagurunathan V Narayanasamy, the former Independent and Non-Executive Director of the Company (“Mr. Narayanasamy”) was
interviewed by the CAD on 4 Sep 2018.
Four above directors intend to co-operate fully and extend all necessary assistance to the relevant authorities.
On 12 Oct 2018, Magnus announced that a sum of S$300,000 for the bail money for Mr Ho was recorded as a Fixed Deposit on the
books of Magnus. The bail was offered by the Company as Mr Ho needs to travel to ensure the continuity of the business affairs of the
Group.
Mr Ho is currently assisting the investigations by the CAD and has not been charged with any offence. Should he be charged for any
wrongdoing, the bail money for him shall be cancelled and the deposit shall be returned to the Company immediately.
On 23 Aug 2019, Magnus announced that the Company had explained that the CAD investigations is linked to the penny stock saga in
Oct 2013 as the Company had also invested in some of the penny stocks which were star performers in 2013 among the Company’s
stock portfolio.
The fixed deposit from the Company for the bail together with all accumulated interests, totaling S$306,483.76 was returned to the
Company on 29 Nov 2018. The Company announced the release of the fixed deposit to the Company on 31 Jan 2019.
Mr Luke Ho explained that the CAD investigations on him was in his capacity as an employee of the Company and not a personal matter,
and hence the Company’s arrangement to settle the bail was to enable him to travel on official duties.
*Note: For more information please refer to the Company's announcement dated 2 Apr 2014, 29 Apr 2014, 27 Sep 2018 and Magnus
Energy Group Ltd's announcement dated 2 Apr 2014, 4 Apr 2014, 29 Apr 2014, 12 Oct 2018 and 23 Aug 2019.
RED Actions Targeting :
Entity Nature of Details

Involvement
Ang Cheng Gian, Eric Target On 3 Apr 2014, Texchem-Pack Holdings (S) Ltd. (the "Company")
announced that the Commercial Affairs Department (“CAD”) has requested
ITE Electric Co Ltd with access to information for the period from 1 Jan
12 Jan 2022 | 10:21 AM Page 4 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
2011 to date, relating to, inter alia, all corporate electronic data, information
technology equipment and data storage devices belonging to Mr. Ang
Cheng Gian, Eric ("Mr. Ang") (Independent Director of the Company), for
investigations into an offence under the Securities and Futures Act,
Chapter 289.
Annica Holdings Limited Target On 4 Apr 2014, Annica Holdings Limited (the "Company") announced that it
has received a notice dated 3 Apr 2014 from the Commercial Affairs
Department (“CAD”) stating that the CAD was conducting investigations
into an offence under the Securities and Futures Act (Cap. 289) and it
required access to the data of Annica Holdings Limiited.
Attilan Group Limited Target On 2 Apr 2014, CAD announced that it has commenced an investigation
into possible breaches of the Securities and Futures Act (Cap. 289) arising
from suspected trading irregularities in the shares of Asiasons Capital
Limited, Blumont Group Ltd and LionGold Corp Ltd. CAD is working jointly
with the Monetary Authority of Singapore in the investigation.
Augustine A/L T.K. James Target On 27 Sep 2018, Annica Holdings Limited (the "Company") announced
that Mr. Augustine A/L T. K James (“Mr. James”), the former Lead
Independent and Non-Executive Director of the Company received a notice
from the Commercial Affairs Department ("CAD") seeking his assistance in
the investigations. In this connection, Mr James was interviewed by the
CAD on 4 Sep 2018.
Blumont Group Ltd. Target On 2 Apr 2014, Blumont Group Ltd (the "Company" or "Blumont")
announced that G1 Investments Pte Ltd ("G1 Investments"), a wholly-
owned subsidiary of Blumont, received a notice dated 2 Apr 2014 from the
Commercial Affairs Department of the Singapore Police Force ("CAD")
requiring G1 Investments’ assistance with the CAD’s investigations into an
offence under the Securities and Futures Act (Chapter 289) ("SFA").
On 24 Apr 2014, Blumont announced that the CAD is conducting an

investigation into possible breaches of the SFA of Singapore arising from
suspected trading irregularities in the shares of Blumont.
On 29 Apr 2014, the Company announced that the Company and G1
Investments have each received a notice dated 29 Apr 2014 from the CAD
requiring their respective assistance with the CAD’s investigations into an
offence under the SFA. In early Apr 2014, the CAD ran investigations into
false trading and market rigging on Blumont Group Ltd.
Edwin Sugiarto Target On 3 Apr 2014, Annica Holdings Limited announced that Edwin Sugiarto,
the Annica Holdings Limited’s Chairman and Executive Director, was
interviewed by CAD officers in relation to its investigations into an offence
under the Securities and Futures Act (Cap. 289). His passport was
impounded and he was on police bail.
Friendship Bridge Holding Target On 2 Apr 2014, Friendship Bridge Holding Company Pte Ltd, a subsidiary
of IPCO International Ltd, was served with notice by the Commercial
Company Pte Ltd Affairs Department (“CAD”) of investigations into an offence under the
Securities and Futures Act, Cap 289, requiring their assistance to the CAD.
Goh Hin Calm Target On 3 Apr 2014, the Commercial Affairs Department (“CAD”) sent out
notices in relation to the investigations into the offence under the Securities
and Futures Act, Cap 289, CAD requested for the access to information for
the period from 1 Jan 2011 to date, relating to, inter alia, all corporate
electronic data, information technology equipment, and data storage
devices belonging to Goh Hin Calm, a non-executive and independent
director of ITE Electric Co Ltd. and Annica Holdings Limited.
Ho Cheng Leong Target On 3 Apr 21014, the Commercial Affairs Department (“CAD”) sent notices
in relation to the investigations into the offence under the Securities and
Futures Act, Cap 289, CAD requested for the access to information for the
period from 1 Jan 2011 to date, relating to, inter alia, all corporate
electronic data, information technology equipment, and data storage
devices belonging to Ho Cheng Leong, Chief Executive Officer and an
executive director of ITE Electric Co Ltd.
12 Jan 2022 | 10:21 AM Page 5 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
Industrial Power Technology Pte Target On 3 Apr 2014, Industrial Power Technology Pte Ltd ("Company"), a
subsidiary of Annica Holdings Limited, received a notice from the
Ltd Commercial Affairs Department (“CAD”) requiring the Company to provide
the CAD with access to its company's data from the period of 1 Jan 2011
to 3 Apr 2014.
InnoPac Holdings Limited Target On 3 Apr 2014, Innopac Holdings Limited ("Company") announced that Mr.
Wong Chin-Yong, the Chief Executive Officer and executive director of
Company, was requested by the Commercial Affairs Department to assist
with investigations in relation to an offence under the Securities and
Futures Act (Cap. 68).
Ipco Constructors Private Limited Target On 2 Apr 2014, IPCO Constructors Private Limited, a subsidiary of IPCO
International Ltd, was served with notice by the Commercial Affairs
Department (“CAD”) of investigations into an offence under the Securities
and Futures Act, Cap 289, requiring their assistance to the CAD.
ITE Assets Holdings Pte Ltd Target On 3 Apr 2014, ITE Electric Co Ltd ("Company") announced that the
Company and its wholly-owned subsidiary, ITE Assets Holdings Pte Ltd
(“ITE Assets”), received notices from the Commercial Affairs Department
(“CAD”) of investigations into an offence under the Securities and Futures
Act, Cap 289.
Jeffrey Ong Su Aun Target On 27 Sep 2018, Annica Holdings Limited (the "Company") announced
that Mr. Jeffrey Ong Su Aun ("Mr. Ong"), the Acting Independent and Non-
Executive Chairman of the Company received a notice from the
Commercial Affairs Department ("CAD") seeking his assistance in the
investigations. In this connection, Mr Ong was interviewed by the CAD on
10 Sep 2018.
Koh Teng Kiat Target The Commercial Affairs Department of the Singapore Police Force (“CAD”)
requested the access to all corporate electronic data, information
technology equipment and data storage devices belonging to Koh Teng
Kiat ("Teng Kiat"), the Executive Director of the Magnus Energy Group Ltd
(the “Company”) for investigation of the offence under the Securities and
Futures Act, Chapter 289 ("SFA"),
On 4 Apr 2014, the Company announced that Teng Kiat had been
interviewed by the CAD in relation to the above investigations and his
passport was impounded. He was also been notified that in the course of
police investigations into the offence of false trading and market rigging
under Section 197 of the SFA, there have arisen reasonable grounds for
believing that he has committed an offence.
Lim Meng Check Target On 4 Apr 2014, Annica Holdings Limited (the “Company”) announced that
PJ Services Pte. Ltd, a subsidiary of the Company, received a notice dated
3 Apr 2014 from the Commercial Affairs Department (“CAD”) requiring PJ
Services Pte. Ltdy to provide the CAD with access to its company's data
including all corporate data belongs to LIm Meng Check, the previous
director of PJ Services Pte. Ltd., from the period of 1 Jan 2011 to 3 Apr
2014.
Luke Ho Khee Yong Target The Commercial Affairs Department of the Singapore Police Force (“CAD”)
requested the access to all corporate electronic data, information
technology equipment and data storage devices belonging to Luke Ho
Khee Yong ("Khee Yong"), the Chief Financial Officer of the Magnus
Energy Group Ltd (the "Company") for investigation in relation to an
offence under the Securities and Futures Act (Chapter 289) (the “SFA”).
On 4 Apr 2014, the Company announced that Khee Yong was interviewed
by the CAD in relation to the above investigations and his passports have
been impounded. He was also been notified that in the course of police
investigations into the offence of false trading and market rigging under
Section 197 of the SFA, there have arisen reasonable grounds for
believing that he has committed an offence.
On 12 Oct 2018, the Company announced that Khee Yong was currently
assisting the investigations by the CAD and has not been charged with any
12 Jan 2022 | 10:21 AM Page 6 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
offence.
Lynne Ng Su Ling Target On 2 Apr 2014, LionGold Corp Ltd (the "Company") announced that the
Commercial Affairs Department ("CAD") has requested LionGold Corp Ltd
to provide to CAD access to all corporate electronic data, information
technology equipment and data storage devices belonging to Ms. Lynne
Ng Su Ling for investigations into an offence under the Securities and
Futures Act ("SFA"), Cap 289.
On 29 Apr 2014, the Company announced that it has received another
notice dated 29 Apr 2014 from CAD informing the Company of CAD’s
investigation into an offence under the SFA.
N. Sivagurunathan V. Target On 27 Sep 2018, Annica Holdings Limited (the "Company") announced
that Mr. N Sivagurunathan V Narayanasamy, the former Independent and
Narayanasamy Non-Executive Director of the Company (“Mr. Narayanasamy”) received a
notice from the Commercial Affairs Department ("CAD") seeking his
assistance in the investigations. In this connection, Mr Narayanasamy was
Nicholas Jeyaraj s/o Narayanan Target On 26 Jul 2018, Annica announced that as stated in its Annual Report for
FY2017, the CAD had confirmed on 14 Feb 2018 that its investigations are
on-going. In this regard, the Company has been informed that its Non-
Independent and Non-Executive Director, Mr. Nicholas Jeyaraj s/o
Narayanan (“Mr. Narayanan”) has received a notice dated 13 Jul 2018
from the CAD seeking his assistance in the investigations. In this
connection, Mr. Narayanan was interviewed by the CAD on 17 Jul 2018.
Nueviz Investment Private Limited Target On 2 Apr 2014, Nueviz Investment Pte Ltd, a subsidiary of IPCO
P. J. Services Pte Ltd Target On 3 Apr 2014, PJ Services Pte. Ltd ("Company"), a subsidiary of Annica
Holdings Limited, received a notice from the Commercial Affairs
Department (“CAD”) requiring the Company to provide the CAD with
access to its company's data from the period of 1 Jan 2011 to 3 Apr 2014.
Peter Chen Hing Woon Target On 2 Apr 2014, LionGold Corp Ltd (the "Company") announced that the
Commercial Affairs Department ("CAD") has requested LionGold Corp Ltd
to provide to CAD access to all corporate electronic data, information
technology equipment and data storage devices belonging to Mr. Peter
Chen Hing Woon for investigations into an offence under the Securities
and Futures Act, Cap 289.
Quah Su-Yin Target On 2 April 2014, ISR Capital Limited ("Company") was served a notice by
the Commercial Affairs Department (“CAD”) of investigations into an
alleged offence under the Securities and Futures Act, Cap 289 which
requires the Company to provide CAD the access to all corporate
electronic data, information technology equipment and data storage
devices belonging to Quah Su-Yin, Chief Executive Officer and Executive
Director of the Company from the period of 1 Jan 2011 to 3 Apr 2014.
Raymond Tan Soo Khoon Target On 27 Sep 2018, Annica Holdings Limited (the "Company") announced
that Mr. Raymond Tan Soo Khoon ("Mr Tan"), the former Lead Independent
Director of the Company received a notice from the Commercial Affairs
Department ("CAD") seeking his assistance in the investigations. In this
connection, Mr Tan was interviewed by the CAD on 11 Sep 2018.
Reenova Investment Holding Target On 2 Apr 2014, ISR Capital Limited was served a notice by Commercial
Affairs Department (“CAD”) of investigations into an alleged offence under
Limited the Securities and Futures Act, Cap 289.
Renaissance United Limited Target On 2 Apr 2014, IPCO International Ltd was served with notice by the
Commercial Affairs Department (“CAD”) of investigations into an offence
12 Jan 2022 | 10:21 AM Page 7 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
under the Securities and Futures Act, Cap 289, requiring their assistance
to the CAD.
Shen Yao Holdings Limited Target On 2 Apr 2014, LionGold Corp Ltd (the “Company”) received a notice
dated 2 Apr 2014 from the Commercial Affairs Department ("CAD")
requiring Company to provide access to the information needed in relation
to the investigations into an offence under the Securities and Futures Act,
Cap 289.
Shen Yao Investments Pte Ltd Target On 2 Apr 2014, LionGold Corp Ltd (the "Company") announced that
LionGold Investments Pte. Ltd. (“LionGold Investments”), a wholly-owned
subsidiary of the Company, has received a notice from the Commercial
Affairs Department ("CAD") requiring LionGold Investments to provide
access to the information needed in relation to the investigations into an
offence under the Securities and Futures Act, Cap 289.
Sino Gas Holdings Pte. Limited Target On 2 Apr 2014, Sino Gas Holdings Pte Ltd, a subsidiary of IPCO
Sunrise Shares Holdings Ltd Target On 3 Apr 2014, Texchem-Pack Holdings (S) Ltd. (the "Company")
announced that ITE Electric Co Ltd, which Mr. Ang Cheng Gian, Eric (“Mr.
Ang”), the independent director of the Company is the Chief Operating
Officer of, had received notice from the Commercial Affairs Department
("CAD") for investigations into an offence under the Securities and Futures
Act, Cap 289.
Wong Chin Yong Target Mr. Wong Chin-Yong, the Chief Executive Officer and executive director of
Innopac Holdings Limited at the material time, was requested by the
Commercial Affairs Department to assist with investigations in relation to
an offence under the Securities and Futures Act (Cap. 68).
Antig Investments Pte Ltd Others Antig Investments Pte Ltd ("Antig"), a subsidiary of Magnus Energy Group
Ltd., received a Notice dated 29 Apr 2014 from the Commercial Affairs
Department of the Singapore Police Force (“CAD”) requiring Antig's
assistance with the CAD’s investigations into an offence under the
Securities and Futures Act, Chapter 289.
Credit Intelligence Limited Others APAC Coal Limited ("APAC") received a Notice dated 2 Apr 2014 from the
Commercial Affairs Department of the Singapore Police Force (“CAD”)
requiring APAC's assistance with the CAD’s investigations into an offence
under the Securities and Futures Act, Chapter 289.
G1 Investments Pte Ltd Others On 2 Apr 2014, Blumont Group Ltd. (the "Company") announced G1
Investments Pte Ltd (“G1 Investments”), a wholly-owned subsidiary of the
Company, received a notice dated 2 Apr 2014 from the Commercial Affairs
Department (“CAD”) of the Singapore Police Force requiring G1
Investments’ assistance with the CAD’s investigations into an offence
under the Securities and Futures Act (Chapter 289).
James Hong Gee Ho Others With relation to the assistance required by G1 Investments Pte Ltd from
the Commercial Affairs Department of the Singapore Police Force (“CAD”),
the CAD has requested for access to, amongst others, all corporate
electronic data from 1 Jan 2011 to-date, information technology equipment
and data storage devices (if any) belonging to Mr. James Hong Gee Ho
("Mr. Hong") and has requested Mr. Hong to assist in the CAD
investigations into a possible infringement under the Securities and
Futures Act (Chapter 289)
Magnus Energy Group Ltd. Others MEG Global Ventures Pte. Ltd. (“MGV”), APAC Coal Limited (“APAC”),
subsidiaries of Magnus Energy Group Ltd. (the "Company"), and Wallmans
Limited (“Wallmans”), its former subsidiary, received Notices dated 2 Apr
2014 from the Commercial Affairs Department of the Singapore Police
12 Jan 2022 | 10:21 AM Page 8 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
Force (“CAD”) requiring MGV, APAC and Wallmans’ assistance with the
CAD’s investigations into an offence under the Securities and Futures Act
Chapter 289, in which the CAD has requested for access to, all corporate
devices belonging to Mr Koh Teng Kiat, the Executive Director of the
Company and Mr Luke Ho Khee Yong, the Chief Financial Officer of the
Company.
MEG Global Ventures Pte. Ltd. Others MEG Global Ventures Pte. Ltd. ("MEG") received a Notice dated 2 Apr
2014 from the Commercial Affairs Department of the Singapore Police
Force ("CAD") requiring MEG's assistance with the CAD’s investigations
into an offence under the Securities and Futures Act, Chapter 289.
Neo Kim Hock Others With relation to the assistance required by G1 Investments Pte Ltd from
the Commercial Affairs Department of the Singapore Police Force (“CAD”),
the CAD has requested for access to, amongst others, all corporate
electronic data from 1 Jan 2011 to-date, information technology equipment
and data storage devices (if any) belonging to Mr. Neo Kim Hock.
Ng Phick Suan Others On 16 Dec 2015, Ryobi Kiso Holdings Ltd announced that in Apr 2014, Ms
Ng assisted in the investigation conducted by the Commercial Affairs
Department ("CAD") in relation to the affair of a company listed on SGX-
ST. Ms Ng assisted in her then capacity as Financial Controller of the
company and was not the subject of the investigation.
Texchem-Pack Holdings (S) Pte. Ltd. Others ITE Electric Co Ltd, which Mr. Ang Cheng Gian, Eric (“Mr. Ang”), the
independent director of Texchem-Pack Holdings (S) Ltd. is the Chief
Operating Officer of, had received notice from the Commercial Affairs
Department ("CAD") for investigations into an offence under the Securities
and Futures Act, Cap 289.
Wallmans Limited Others Wallmans Limited (“Wallmans”) received a Notice dated 2 Apr 2014 from
the Commercial Affairs Department of the Singapore Police Force (“CAD”)
requiring Wallmans’ assistance with the CAD’s investigations into an
offence under the Securities and Futures Act, Chapter 289.
2. CAD investigation into offences by Ong Su Aun Jeffrey and Kenneth Low Si Ren
Event Details :
On 29 May 2019, Allied Technologies Limited (“Company” or "Allied Technologies") announced that on 28 May 2019, the Commercial
Affairs Department (“CAD”) seized information, records and documents relating to: (a) the Company and its subsidiaries, namely, Asia
Box Office Pte Ltd, Activpass Holdings Pte Ltd and Allied Technologies Holdings Pte. Ltd.; and (b) the escrow account with JLC Advisors
LLP (“JLC Advisors”), from the premises of the Company and its subsidiaries.
Subsequently, the Company's executive director, Mr. Low Si Ren, Kenneth ("Mr. Low") was asked by CAD to attend an interview at CAD’s
offices on the evening of 28 May 2019. On 29 May 2019, Mr. Low informed the Company that CAD had on 28 May 2019 retained his
mobile phone and laptop for investigation purposes. Mr. Low has, on 29 May 2019, surrendered his passport as part of the investigation
as well.
As at 29 May 2019, CAD has not disclosed to the Company any further details of its investigation.
Mr. Low will also cooperate and assist in investigations.
On 22 Jan 2020, the Company announced that Mr Leow Wee Kia Clement, the Company’s Chief Executive Officer and Executive
Director, and Ms Ong Lizhen, Daisy, the Company’s Chief Financial Officer, will be providing assistance to the CAD.
As of 22 Jan 2020, CAD had not disclosed to the Company any further details of its investigation. The Company intends to cooperate fully
with CAD on the investigation.
On 31 Jan 2020, the Company announced that Ms Pok Mee Yau and Mr Lim Jin Wei, the Company’s non-executive independent
directors, would be providing assistance to the CAD.
As of 31 Jan 2020, CAD had not disclosed to the Company any further details of its investigation. The Company intended to cooperate
12 Jan 2022 | 10:21 AM Page 9 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
fully with CAD on the investigation.
On 24 Feb 2020, the Singapore Police Force (“SPF”) announced that on the same date, Ong Su Aun Jeffrey (“Jeffrey Ong”), the
managing partner of JLC Advisors, had been charged in court with 11 additional charges of criminal breach of trust and one additional
charge of forgery of a valuable security.
The latest set of charges arise from CAD’s investigations into the escrow arrangement between the Company and JLC Advisors.
Eight out of the 11 charges relate to the misappropriation of the proceeds from a share placement carried out by the Company in Oct
2017, which were placed in escrow with JLC Advisors. The total amount involved for these eight charges is $21,554,609.12. The
remaining three charges relate to the misappropriation of $12,285,065.85, being the balance consideration from the sale of Allied
Machineries (Shanghai) Co. Ltd., a former subsidiary of the Company sold on 26 Nov 2016.
Jeffrey Ong also faced an additional charge for forging the signature of a partner of JLC Advisors on a cheque for $33,153,416.56, which
was issued to the Company.
With the latest set of charges, the total number of charges against Jeffrey Ong now stands at 38. Jeffrey Ong had earlier been charged
with 26 counts of cheating, criminal breach of trust, and forgery. These earlier charges relate to:
a) The forging of documents to cheat CCJ Investment Limited into disbursing $6 million;
b) The forging of statement of accounts for JLC Advisors’ Standard Chartered Bank USD bank account to deceive one Chan Yi Zhang;
and
c) The misappropriation of US$4,851,289.15 from a Standard Chartered Bank USD bank account while acting as a solicitor of JLC
Advisors.
On 11 Aug 2020, the SPF announced that on the same date Jeffrey Ong was charged with four additional counts of criminal breach of
trust as an attorney in the State Courts.
The four criminal breach of trust charges relate to the misappropriation of moneys amounting to $11,700,020 from an escrow facility held
by JLC Advisors for Allied Technologies in relation to the share placement carried out by Allied Technologies in Oct 2017.
With these charges, Jeffrey Ong faces a total of 57 counts of cheating, criminal breach of trust and forgery as follows:
(a) 1 count of Section 420 Penal Code for cheating CCJ Investment Limited into disbursing $6 million;
(b) 8 counts of Section 468 Penal Code for the forgery of documents to cheat CCJ Investment Limited into disbursing $6 million;
(c) 16 counts of Section 468 Penal Code for the forgery of statement of accounts for JLC Advisors’ Standard Chartered Bank USD bank
account for the purpose of cheating;
(d) 1 count of Section 409 Penal Code for the misappropriation of US$4,851,289.15 from a Standard Chartered Bank USD bank account
while acting as a solicitor of JLC Advisors;
(e) 8 counts of Section 409 Penal Code for the misappropriation of $21,554,609.12 from the share placement proceeds for Allied
Technologies while acting as a solicitor of JLC Advisors;
(f) 3 counts of Section 409 Penal Code for the misappropriation of $12,285,065.85, being the balance consideration from the sale of Allied
Machineries (Shanghai) Co. Ltd., while acting as a solicitor of JLC Advisors;
(g) 14 counts of Section 417 Penal Code for cheating for the issuance of false escrow notices between 3 Nov 2017 and 22 Jan 2019 to
the Board of Directors of Allied Technologies;
(h) 1 count of Section 467 Penal Code for the forgery of a JLC Advisors partner’s signature on a cheque for $33,153,416.56, which was
issued to Allied Technologies;
(i) 1 count of Section 409 Penal Code for the misappropriation of $250,000 from a Standard Chartered Bank SGD bank account, being
funds belonging to a client of JLC advisors, while acting as a solicitor of JLC advisors; and
(j) 4 counts of Section 409 Penal Code for the misappropriation of $11,700,020 from a DBS Bank account, being monies held in escrow,
while acting as a solicitor of JLC Advisors.
Investigations against Jeffrey Ong were ongoing.
In Annual Report 2019, the CAD reported that Jeffrey Ong left Singapore for Malaysia on 13 May 2019 before investigations could
commence. The CAD swiftly sought the assistance of the Royal Malaysia Police ("RMP") to locate Jeffrey Ong. With the assistance of the
RMP, Jeffrey Ong was arrested swiftly and brought back to Singapore on 30 May 2019.
On 9 Apr 2021, the Company announced that the Board has just been informed by Mr Low, an executive director of the Company, that on
7 Apr 2021, he was called in by the Commercial Affairs Department and was released on a bail bond on the same day. The Board has
been informed by Mr. Low that no formal charges have been filed.
On 14 Apr 2021, the Company announced that the CAD confirm that Mr Low was arrested and released on bail by CAD.
12 Jan 2022 | 10:21 AM Page 10 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
The Business Times’ article dated 9 Apr 2021 states that Mr Low was named as the co-accused in five of the charges that Jeffrey Ong is
facing after the prosecution had amended the charges on 9 Apr 2021. The CAD has not provided with further information on this
information.
In Annual Report 2020, the CAD announced that Jeffrey Ong faced a total of 76 charges for offences including cheating, breach of trust as
an attorney, and forgery. Court proceeding is ongoing at the time of publication.
*Note: For more information, please refer to the Company's announcements dated 29 May 2019, 22 Jan 2020 and 31 Jan 2020 and the
SPF News dated 24 Feb 2020, 11 Aug 2020, 9 Apr 2021, 14 Apr 2021 and the CAD Annual Report 2019 and 2020.
RED Actions Targeting :
Entity Nature of Details

Involvement
Jeffrey Ong Su Aun Target On 24 Feb 2020, the Singapore Police Force (“SPF”) announced that on
the same date, Ong Su Aun Jeffrey (“Jeffrey Ong”), the managing partner
of JLC Advisors LLP (“JLC Advisors”), had been charged in court with 11
additional charges of criminal breach of trust and one additional charge of
forgery of a valuable security, which arise from the Commercial Affairs
Department’s investigations into the escrow arrangement between Catalist-
listed Allied Technologies Limited and JLC Advisors. With the latest set of
charges, the total number of charges against Jeffrey Ong then stood at 38.
Jeffrey Ong had earlier been charged with 26 counts of cheating, criminal
breach of trust, and forgery. These earlier charges relate to the forging of
documents to cheat CCJ Investment Limited into disbursing $6 million,
forging of statement of accounts for JLC Advisors’ Standard Chartered
Bank USD bank account to deceive one Chan Yi Zhang and the
misappropriation of US$4,851,289.15 from a Standard Chartered Bank
USD bank account while acting as a solicitor of JLC Advisors.
On 11 Aug 2020, the SPF announced that on the same date, Jeffrey Ong
was charged with four additional counts of criminal breach of trust as an
attorney in the State Courts, relate to the misappropriation of moneys
amounting to $11,700,020 from an escrow facility held by JLC Advisors for
Allied Technologies Limited. With these charges, Jeffrey Ong faces a total
of 57 counts of cheating, criminal breach of trust and forgery, under
Section 409, 417, 420, 467, 468 of Penal Code.
In Annual Report 2019, the CAD reported that Jeffrey Ong left Singapore
for Malaysia on 13 May 2019 before investigations could commence. The
CAD swiftly sought the assistance of the Royal Malaysia Police ("RMP") to
locate Jeffrey Ong. With the assistance of the RMP, Jeffrey Ong was
arrested swiftly and brought back to Singapore on 30 May 2019.
In Annual Report 2020, the CAD announced that Jeffrey Ong faced a total
of 76 charges for offences including cheating, breach of trust as an
attorney, and forgery. Court proceeding is ongoing at the time of publication
Low Si Ren Kenneth Target On 29 May 2019, Allied Technologies Limited (the "Company") announced
that Mr. Low Si Ren, Kenneth (“Low”) was asked by Commercial Affairs
Department (“CAD”) to attend an interview at CAD’s offices on the evening
of 28 May 2019. His mobile phone and laptop were retained for
investigation purposes on the same date. On 29 May 2019, Mr. Low
surrendered his passport as part of the investigation as well.
On 9 Apr 2021, the Company announced that Low was called in by the
CAD and was released on a bail bond on 7 Apr 2021, no formal charges
have been filed.
Activpass Holdings Pte. Ltd. Others On 28 May 2019, Commercial Affairs Department seized information,
records and documents relating to: (a) Allied Technologies Limited
(“Company”) and its subsidiaries, namely, Asia Box Office Pte Ltd,
Activpass Holdings Pte Ltd and Allied Technologies Holdings Pte. Ltd.; and
(b) the escrow account with JLC Advisors LLP, from the premises of the
Company and its subsidiaries.
12 Jan 2022 | 10:21 AM Page 11 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
Allied Technologies Holdings Pte. Others On 28 May 2019, Commercial Affairs Department seized information,
Ltd. (“Company”) and its subsidiaries, namely, Asia Box Office Pte Ltd,
Allied Technologies Limited Others On 28 May 2019, Commercial Affairs Department seized information,
Asia Box Office Pte. Ltd. Others On 28 May 2019, Commercial Affairs Department seized information,
CCJ Investment Limited Others One of the charges against Ong Su Aun Jeffrey related to the forging of
documents to cheat CCJ Investment Limited into disbursing $6 million.
Chan Yi Zhang Others One of the charges against Ong Su Aun Jeffrey related to the forging of
statement of accounts for JLC Advisors’ Standard Chartered Bank USD
bank account to deceive one Chan Yi Zhang.
Daisy Ong Lizhen Others Ms Ong Lizhen, Daisy will be providing assistance to the Commercial
Affairs Department in relation to the investigation.
Gerald Lim Jin Wei Others Mr Lim Jin Wei would be providing assistance to the Commercial Affairs
Department in relation to the investigation.
JLC Advisors LLP Others On 28 May 2019, Commercial Affairs Department seized information,
Leow Wee Kia Clement Others Mr Leow Wee Kia Clement will be providing assistance to the Commercial
Affairs Department in relation to the investigation.
Pok Mee Yau Karen Others Ms Pok Mee Yau would be providing assistance to the Commercial Affairs
Department in relation to the investigation.
The Royal Malaysia Police Others The Commercial Affairs Department, Singapore worked with the Royal
Malaysia Police to have Ong Su Aun Jeffrey arrested in Malaysia and
brought back to Singapore.
INDIRECT EXPOSURE RESULTS
Direct Connections between Search Subject and RED Action targeted entities
Entity 1 Relationship Entity 2 Start Date End Date Past Remarks Dataset
Type
Jeffrey Ong Su Aun Employee Allen & Gledhill LLP true Litigation and CM
Dispute
Resolution
Department
Jeffrey Ong Su Aun Others Allied Technologies On 22 May CM
Limited 2019, Allied
12 Jan 2022 | 10:21 AM Page 12 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
Technologies
Limited
("Company")
has received a
letter on JLC
Advisors LLP
("JLC")’s
letterhead
stating that the
funds of
"S$33.4
million"
deposited by
the Company
with JLC have
been
purportedly
paid out from
the escrow
account, and
that JLC is still
investigating,
but has
reasons to
believe the said
funds were
paid out on the
instructions of
its partner, Mr.
Ong Su Aun,
Jeffrey, and
"might have
been
unauthorized".
Jeffrey Ong Su Aun Shareholder Annica Holdings Limited CM
Jeffrey Ong Su Aun Independent Annica Holdings Limited 9 Jul 2008 20 May CM
Director 2019
Jeffrey Ong Su Aun Director Annica Holdings Limited 9 Jul 2008 20 May CM
2019
Jeffrey Ong Su Aun Non- Annica Holdings Limited 16 Feb 20 May Acting CM
Executive 2017 2019 Independent
Chairman and Non-
Executive
Chairman
Jeffrey Ong Su Aun Director Attilan Group Limited true CM
Jeffrey Ong Su Aun Independent China Powerplus Pte. 27 Aug true CM
Director Ltd. 2013
Jeffrey Ong Su Aun Director CW Group Holdings 20 May CM
Limited 2019
Jeffrey Ong Su Aun Independent CW Group Holdings 14 Mar 20 May CM
Director Limited 2012 2019
Jeffrey Ong Su Aun Shareholder NGSC Limited CM
ONG SU AUN Director ANNICA HOLDINGS 09 Jul 20 May CRSG
LIMITED 2008 2019
JEFFREY (WANG
CI'AN)
ONG SU AUN Director ATTILAN GROUP 23 Aug 16 Jul CRSG
LIMITED 2006 2007
JEFFREY (WANG
CI'AN)
ONG SU AUN Director CHINA POWERPLUS 27 Aug 06 Sep CRSG
PTE. LTD. 2013 2014
JEFFREY (WANG
12 Jan 2022 | 10:21 AM Page 13 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
CI'AN)
INDIRECT EXPOSURE RESULTS
Search Subject has indirect connections to the following RED actions :
Type of RED Target Entity Event Details of Event

Action
ACRA-Related Allen & Gledhill Investigations On 28 May 2008, the Securities Industry Council ("SIC") announced that it
LLP by MAS, SIC, re-affirmed that it was actively investigating all the relevant circumstances
Regulatory and ACRA and of and parties to the general offer for Jade Technologies Holdings (the
Enforcement CAD towards "Company") Ltd by Asia Pacific Links Ltd ("Offeror").
Events the general
offer by Asia This will include, but not be limited to, any trades in shares of the Company
Pacific Links that may have been conducted by Dr Anthony Soh before and during the
Ltd for Jade offer period.
Technologies
Holdings Ltd As part of these investigations, the SIC is in the process of conducting
hearings in accordance with the normal procedures under the Singapore
Code on Take-overs and Mergers. Such hearings enable the views of
parties to be heard by the Council and if in the course of these hearings
any breaches of the law are identified these will be referred to the relevant
authorities.
On 11 Jun 2008, the Monetary Authority of Singapore ("MAS") announced

that the Securities Industry Council ("SIC") had concluded hearings into
possible breaches of the Singapore Code on Takeovers and Mergers
"Code") arising from the general offer for the Company by the Offeror. The
SIC would deliberate on the findings and issue further statements after its
deliberation.
The MAS and the Accounting and Corporate Regulatory Authority

("ACRA") had completed their reviews into possible breaches of the
Securities and Futures Act and the Companies Act, respectively.
The MAS and ACRA had referred their findings to the Commercial Affairs
Department ("CAD"), which was investigating the matter.
On 14 Oct 2008, the SIC announced that on 11 Apr 2008 it had begun the
investigation into the circumstances surrounding the withdrawal of a
voluntary conditional cash offer for Jade Technologies Holdings Ltd by the
Offeror.
It was withdrawn by the Offeror on 4 Apr 2008 with the consent of SIC as
the Offeror was not able to obtain an unconditional confirmation from an
appropriate third party that available funds had been earmarked to satisfy
full acceptances of the Offer as required by Rule 23.8 of the Code.
In accordance with the Code, the Council decided to convene a hearing to

enquire into possible breaches of the Code and appointed a hearing
committee comprising the following SIC members.
The hearing committee made its final decision after considering all the oral
and written representations of the parties:
1. Dr Anthony Soh Guan Cheow ("Dr Soh") is found to have breached

General Principle 6, Rule 3.5(c), Rule 8.2, Rule 23.3(c) and Rule 11.2. Dr
12 Jan 2022 | 10:21 AM Page 14 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
Soh is censured and:

(a) prohibited from making a takeover offer in Singapore for a period of 5
years from 14 Oct 2008; and
(b) denied the facilities to buy and sell shares through Singapore Exchange
Securities Trading Limited without the Council’s consent for a period of 3
years from 14 Oct 2008. In view of his breaches of the Code, the hearing
committee considers Dr Soh unsuited to be a director of any company
listed in Singapore for a period of 5 years from 14 Oct 2008.
2. Oversea-Chinese Banking Corporation Ltd ("OCBC Bank") as the

financial adviser and indeed, the issuer of the general offer announcement
and offer document, is found to have breached Rule 3.5 and Rule 23.8 in
respect of its financial resources confirmation and Rule 3.5(c), Rule 23.3(c)
and Rule 8.2 in respect of the disclosure of shareholdings.
As acts of contrition for its breaches of the Code, OCBC Bank has
volunteered (without any admission of legal liability) to:
(a) abstain from undertaking financial advisory work on take-overs for a
period of 6 months from 1 Sep 2008; and
(b) donate a sum of S$1 million towards the cause of educating and
promoting awareness among members of the public on lessons which may
be learnt from this episode.
In addition, OCBC Bank has, on its own accord, not accepted any new
financial advisory work on take-overs from 11 Apr 2008. The total period of
abstention from financial advisory work on take-overs is therefore
approximately 11 months.
In the circumstances, the hearing committee accepts OCBC Bank’s offer of
the self-imposed abstention and censures OCBC Bank.
3. Messrs Allen & Gledhill LLP ("A&G"), the financial adviser to the general
offer, is found to have breached Rule 8.2 in relation to the Offeror and Dr
Soh’s disclosures of their interest in Jade shares in the Offer
announcement and the Offer document pursuant to Rule 3.5(c) and Rule
23.3(c), respectively.
Mr Steven Lo Pang Foo ("Mr Lo"), the partner from A&G in charge of
advising the Offeror on the Offer, has volunteered (without any admission
of legal liability) to abstain from work related to the Code for a period of 6
months from 1 Sep 2008. In addition, Mr Lo had, on his own accord,
ceased accepting new Code related work since 11 Apr 2008. Hence, the
total period of abstention is approximately 11 months.
In the circumstances, the hearing committee accepts Mr Lo’s self imposed

abstention from Code related work and takes no further action against
A&G.
4. Merrill Lynch International ("MLI") is found to be in breach of Rule 12.1

for failing to disclose, in accordance with the requirements of the Code, its
seizure and sale of Jade shares during the Offer period when it enforced
its rights as a secured creditor of Opes Prime Stock Broking Limited.
The hearing committee accepts that MLI was acting in good faith in
realising its security interests and that its breaches were neither
opportunistic nor intentional. MLI had taken steps to notify Jade and the
Singapore Exchange in discharge of its disclosure obligations under the
Companies Act and Securities and Futures Act before it started trading in
Jade shares on 1 Apr 2008. In the circumstances, the hearing committee
takes no further action against MLI.
*Note: For more information, please refer to the SIC Press Release dated
28 May 2008 and 14 Oct 2008 and MAS Media Release dated 11 Jun
12 Jan 2022 | 10:21 AM Page 15 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
2008 and 14 Oct 2008.
CAD-Related Allen & Gledhill Investigations On 28 May 2008, the Securities Industry Council ("SIC") announced that it
Events the general
Technologies
authorities.

deliberation.

Offeror.


12 Jan 2022 | 10:21 AM Page 16 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

A&G.

2008 and 14 Oct 2008.
MAS-Related Allen & Gledhill Investigations On 28 May 2008, the Securities Industry Council ("SIC") announced that it
Events the general
12 Jan 2022 | 10:21 AM Page 17 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
Technologies
authorities.

deliberation.

Offeror.



12 Jan 2022 | 10:21 AM Page 18 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action


A&G.

2008 and 14 Oct 2008.
SIC-Related Allen & Gledhill Investigations On 28 May 2008, the Securities Industry Council ("SIC") announced that it
Events the general
Technologies
authorities.

12 Jan 2022 | 10:21 AM Page 19 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

deliberation.

Offeror.



12 Jan 2022 | 10:21 AM Page 20 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

A&G.

2008 and 14 Oct 2008.
List of Special Allied On 8 May 2019, Allied Technologies Limited (the “Company”) announced
Technologies that it has been providing responses and clarifications to the observations
Investigations Limited of Ernst & Young LLP (the “Auditors”). The Company is in the process of
appointing a special auditor to undertake a special review with reference
to, and conduct further analysis on, the areas of concerns identified the
Auditors.
On 14 Jun 2019, the Company announced that it had on the same date
appointed PricewaterhouseCoopers Risk Services Pte Ltd as the Special
Auditor to undertake a review on the observations identified by the Auditors
and investigate the subsequent developments surrounding the Allied
Funds (the “Special Audit”).
CAD-Related Annica Holdings CAD On 2 Apr 2014, Blumont Group Ltd (the "Company" or "Blumont")
Limited Investigation announced that G1 Investments Pte Ltd (“G1 Investments”), a wholly-
Regulatory and into false owned subsidiary of Blumont, received a notice dated 2 Apr 2014 from the
Enforcement trading and Commercial Affairs Department of the Singapore Police Force ("CAD")
Events market rigging requiring G1 Investments’ assistance with the CAD’s investigations into an
by 21 offence under the Securities and Futures Act (Chapter 289) (the “SFA”).
companies
and 16 The CAD requested for access to, amongst others, all corporate electronic
individuals data from 1 Jan 2011 to-date, information technology equipment and data
storage devices (if any) belonging to Mr. Neo Kim Hock, the Executive
Chairman, and Mr. James Hong Gee Ho ("Mr. Hong"), the Executive
Director of Blumont.
The CAD requested for access to, all corporate electronic data, information
technology equipment and data storage devices belonging to Mr Koh Teng
Kiat, the Executive Director and Mr Luke Ho Khee Yong, the Chief
12 Jan 2022 | 10:21 AM Page 21 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
Financial Officer and all other relevant documents from 1 Jan 2011 to date.
The Company has been informed that Mr. Hong has been requested to
assist the CAD in its investigations into a possible infringement under the
SFA. Mr. Hong has indicated that he will cooperate fully with the CAD in its
investigations.
On 2 Apr 2014, Magnus Energy Group Ltd. ("Magnus") announced that its
subsidiaries, MEG Global Ventures Pte. Ltd. (“MGV”), APAC Coal Limited
(“APAC”), and Wallmans Limited (“Wallmans”), its former subsidiary, have
received Notices dated 2 Apr 2014 from the CAD requiring MGV, APAC
and Wallmans’ assistance with the CAD’s investigations into an offence
under the SFA.
The CAD has requested for access to, all corporate electronic data,
information technology equipment and data storage devices belonging to
Mr Koh Teng Kiat ("Mr Koh"), the Executive Director of the Company and
Mr Luke Ho Khee Yong ("Mr Ho"), the Chief Financial Officer of the
Company and all other relevant documents from 1 Jan 2011 to date.
On 4 Apr 2014, Magnus announced that Mr Koh Teng Kiat, the Executive
Director of Magnus and Mr Luke Ho Khee Yong, the Chief Financial Officer
of Magnus have been interviewed by the CAD in relation to its
investigations and their passports have been impounded. Each of Mr Koh
and Mr Ho has also been notified that in the course of police investigations
into the offence of false trading and market rigging under Section 197 of
the SFA, there have arisen reasonable grounds for believing that he has
committed an offence.


offence under the SFA.
(b) all minutes of meetings and resolutions for the period from 1 Jan 2011
to 31 Mar 2014;
(c) all documents relating to the following announcements made by the
Company:
i. proposed investment and takeover bid for all the fully paid ordinary
shares of Cokal Limited;
v. results warning for the second quarter ended 30 June 2013 announced
on SGX-ST on 19 Jul 2013; and
The CAD has also requested G1 Investments for access to all accounting
records, minutes of meetings and resolutions, and any other relevant
documents of G1 Investments and Waddells International Limited (a
wholly-owned subsidiary of G1 Investments) for the period from 1 Jan 2011
to 31 Mar 2014.
In early Apr 2014, the CAD ran investigations into false trading and market
12 Jan 2022 | 10:21 AM Page 22 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
rigging, an offence under the Securities and Futures Act (Chapter 289)
("SFA"), on several companies, namely : Innopac Holdings Limited,
LionGold Corp Ltd, Magnus Energy Group Ltd., Blumont Group Ltd, ISR
Capital Limited, IPCO International Ltd, and Annica Holdings Limited.
CAD of the Singapore Police Force ("SPF") has also commenced an

investigation into possible breaches of the Securities and Futures Act (Cap.
289) arising from suspected trading irregularities in the shares of Asiasons
Capital Limited, Blumont Group Ltd and LionGold Corp Ltd. CAD is
working jointly with the Monetary Authority of Singapore ("MAS") in the
investigation.
CAD had on 2 April 2014 served orders under section 20 of the Criminal
Procedure Code of Singapore, Chapter 68, to Innopac Holdings Limited
and 5 of its subsidiaries and a former associate company to hand over
computers, data storage devices, files and financial records belonging to
these entities. The CAD orders are in connection with their investigation
into possible breaches of the SFA arising from suspected trading
irregularities in the shares of Asiasons Capital Limited, Blumont Group Ltd.
and LionGold Corp Ltd, for the period from 1 January 2011 to 16 October
2014. The Company and the relevant subsidiaries have cooperated fully
with the CAD.
On 29 Apr 2014, Magnus announced that Antig Investments Pte. Ltd.

(“Antig”), its subsidiary, have each received a notice dated 29 April 2014
from the CAD requiring their respective assistance with the CAD’s
investigations into an offence under the SFA (Chapter 289).
The CAD has requested each of the Company, Antig and Wallmans for
access to the following for the period from 1 Jul 2010 to 31 Mar 2014 – (i)
all accounting records; (ii) all minutes of meetings and resolutions; and (iii)
any other relevant documents.

On 3 Apr 2014, Innopac announced that Wong Chin-Yong ("Mr. Wong"),
the Chief Executive Officer and executive director of the Innopac, has been
requested by the CAD to assist with investigations in relation to an offence
under the the Securities and Futures Act (Cap. 68).
The CAD requested for access to, amongst others, all corporate electronic
data from 1 Jan 2011 to-date, information technology equipment and data
storage devices (if any) belonging to Mr. Wong.

On 2 Apr 2014, CAD sent a notice of investigation into an offence under
the SFA to LionGold, requiring LionGold to provide to CAD access to the
following for the period from 1 Jan 2011 to date:
(i) all corporate electronic data, information technology equipment and data
storage devices belonging to Ms. Lynne Ng Su Ling and Mr. Peter Chen
Hing Woon; and

subsidiary of LionGold, has also received a similar notice dated 2 Apr 2014
from CAD, requiring LionGold Investments to provide CAD with access to
the following for the period from 1 Jan 2011 to date:
storage devices belonging to Mr. Peter Chen Hing Woon; and

On 3 Apr 2014, ITE announced that ITE and its wholly-owned subsidiary,
12 Jan 2022 | 10:21 AM Page 23 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
ITE Assets Holdings Pte Ltd (“ITE Assets”), received notices from the CAD
of investigations into an offence under the SFA.
Pursuant to the said notices, the ITE and ITE Assets were requested to
provide CAD with access to information for the period from 1 Jan 2011 to
date, relating to, inter alia, all corporate electronic data, information
technology equipment, and data storage devices belonging to ITE Assets
(including all records pertaining to securities trading and in relation to
accounts held with financial institutions), Mr. Ho Cheng Leong, Mr. Ang
Cheng Gian and Mr. Goh Hin Calm, and all other relevant documents

On 2 Apr 2014, ISR was served a notice by CAD of investigations into an
alleged offence under the SFA which requires ISR to provide CAD access
to the following for the period from 1 Jan 2011 to date:
storage devices belonging to Ms. Quah Su-Yin, Chief Executive Officer and
Executive Director of ISR, and
In addition, five other wholly-owned subsidiaries of ISR and two funds
(including two subsidiaries of the fund) managed by a subsidiary of the ISR
also received similar notices dated 2 Apr 2014 from CAD, requiring these
companies to provide CAD with, inter alia, access to all corporate
devices belonging to directors and an employee of these companies.

On 2 Apr 2014, IPCO and some of the subsidiary namely IPCO
Constructors Private Limited, (“ICPL”), Friendship Bridge Holding
Company Pte Ltd (“FBHCPL”), Nueviz Investment Pte Ltd (“Nueviz”) and
Sino Gas Holdings Pte Ltd (“SGHPL”), were served with notices by CAD of
investigations into an offence under the SFA, requiring their assistance to
the CAD.
The information sought under the notices included, inter alia, all corporate
devices and all other relevant documents for the period from 1 Jan 2011 to
date.

On 3 Apr 2014, Annica received a notice from the CAD stating that it is
conducting investigations into an offence under the SFA and that it requires
access to the following for the period from 1 Jan 2011 to 3 Apr 2014:
(iii) all corporate electronic data, information technology equipment and
data storage devices belonging to the current directors and Mr. Lim Meng
Check; and
Mr. Edwin Sugiarto, the Annica’s Chairman and Executive Director, was
interviewed by CAD officers in relation to its investigations. His passport
has been impounded and he is currently on police bail. Mr. Goh Hin Calm,
an Independent and Non-Executive Director of Annica, is assisting the
CAD with its investigations.
Annica’s subsidiaries, Industrial Power Technology Pte Ltd (“IPT”) and PJ

Services Pte. Ltd (“PJ”), also each received a similar notice dated 3 Apr
2014 from the CAD, requiring them to provide the CAD with access to the
following for the period from 1 Jan 2011 to 3 Apr 2014:
storage devices belonging to Mr. Edwin Sugiarto; and
12 Jan 2022 | 10:21 AM Page 24 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

storage devices belonging to Mr. Lim Meng Check and Mr. Edwin Sugiarto;
and
On 16 Dec 2015, Ryobi Kiso Holdings Ltd announced that in Apr 2014, Ng
Phick Suan ("Ng") assisted in the investigation conducted by the CAD in
relation to the affair of a company listed on SGX-ST. Ms Ng assisted in her
then capacity as Financial Controller of the company and was not the
subject of the investigation.
On 26 Jul 2018, Annica announced that as stated in its Annual Report for
on-going.
In this regard, the Company has been informed that its Non-Independent
and Non-Executive Director, Mr. Nicholas Jeyaraj s/o Narayanan (“Mr.
Narayanan”) has received a notice dated 13 Jul 2018 from the CAD
seeking his assistance in the investigations. In this connection, Mr.
Narayanan was interviewed by the CAD on 17 Jul 2018.
Mr. Narayanan intends to co-operate fully and extend all necessary

assistance to the relevant authorities.
On 27 Sep 2018, the Company announced that it has been informed that
the following individuals have also received similar notices from the CAD to
seek their assistance in the investigations, and in this connection:
- Mr. Jeffrey Ong Su Aun, the Acting Independent and Non-Executive

Chairman of the Company (“Mr. Ong”) was interviewed by the CAD on 10
Sep 2018;
- Mr. Raymond Tan Soo Khoon, the former Lead Independent Director of
the Company (“Mr. Tan”) was interviewed by the CAD on 11 Sep 2018
- Mr. Augustine A/L T. K James, the former Lead Independent and Non-
Executive Director of the Company (“Mr. James”) was interviewed by the
CAD on 4 Sep 2018; and
- Mr. N Sivagurunathan V Narayanasamy, the former Independent and
Non-Executive Director of the Company (“Mr. Narayanasamy”) was
Four above directors intend to co-operate fully and extend all necessary
On 12 Oct 2018, Magnus announced that a sum of S$300,000 for the bail
money for Mr Ho was recorded as a Fixed Deposit on the books of
Magnus. The bail was offered by the Company as Mr Ho needs to travel to
ensure the continuity of the business affairs of the Group.
Mr Ho is currently assisting the investigations by the CAD and has not

been charged with any offence. Should he be charged for any wrongdoing,
the bail money for him shall be cancelled and the deposit shall be returned
to the Company immediately.
On 23 Aug 2019, Magnus announced that the Company had explained that
the CAD investigations is linked to the penny stock saga in Oct 2013 as the
Company had also invested in some of the penny stocks which were star
performers in 2013 among the Company’s stock portfolio.
The fixed deposit from the Company for the bail together with all
accumulated interests, totaling S$306,483.76 was returned to the
12 Jan 2022 | 10:21 AM Page 25 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
Company on 29 Nov 2018. The Company announced the release of the

fixed deposit to the Company on 31 Jan 2019.
Mr Luke Ho explained that the CAD investigations on him was in his

capacity as an employee of the Company and not a personal matter, and
hence the Company’s arrangement to settle the bail was to enable him to
travel on official duties.
*Note: For more information please refer to the Company's announcement
dated 2 Apr 2014, 29 Apr 2014, 27 Sep 2018 and Magnus Energy Group
Ltd's announcement dated 2 Apr 2014, 4 Apr 2014, 29 Apr 2014, 12 Oct
2018 and 23 Aug 2019.
MAS-Related Annica Holdings CAD On 2 Apr 2014, Blumont Group Ltd (the "Company" or "Blumont")
companies
investigations.
under the SFA.

12 Jan 2022 | 10:21 AM Page 26 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

to 31 Mar 2014;
Company:
to 31 Mar 2014.

investigation.
with the CAD.

12 Jan 2022 | 10:21 AM Page 27 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action


Hing Woon; and




the CAD.
12 Jan 2022 | 10:21 AM Page 28 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

date.

Check; and

and
on-going.


Sep 2018;
12 Jan 2022 | 10:21 AM Page 29 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action


2018 and 23 Aug 2019.
SGX-Related Annica Holdings Investigation On 13 Apr 2010, the Singapore Exchange ("SGX") announced that Oculus
Limited by SGX Ltd has breached the following Listing Rules:
Regulatory and against (i) 103(5) (Note 1);
Enforcement Oculus Ltd (ii) 114 (Note 2);
Events and Low (iii) 703(1) (Note 3);
Shiong Jin (iv) 905 (Note 4); and
(v) 906 (Note 5).
In addition, Low Shiong Jin, Executive Director from Jun 2007 to May
2008, has not demonstrated the qualities expected of directors and
management of SGX-listed companies, as required under Listing Rules
210(5)(b) (Note 6) and 720 (Note 7). SGX-listed companies should consult
the Exchange before they appoint Low Shiong Jin as a director or member
of their management.
Notes:
1. Listing Rule 103(5) – Directors of an issuer shall act in the interest of
shareholders as a whole, particularly where a director or substantial
shareholder has a material interest in a transaction entered into by the
issuer.
12 Jan 2022 | 10:21 AM Page 30 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
2. Listing Rule 114 – The directors of the applicant (and following

admission, the issuer) are responsible for the accuracy of the information
submitted to the Exchange. However, the issue manager is also expected
to exercise due case and diligence in ensuring the completeness and
accuracy of the information contained in the application. The issue
manager must also ensure that the Exchange is informed of all matters
which should be brought to its attention.
3. Listing Rule 703(1) – An issuer must announce any information known to

the issuer concerning it or any of its subsidiaries or associated companies
which:-
(a) is necessary to avoid the establishment of a false market in the issuer’s
securities; or
(b) would be likely to materially affect the price or value of its securities.
4. Listing Rule 905 --

(1) An issuer must make an immediate announcement of any interested
person transaction of a value equal to, or more than, 3% of the group’s
latest audited net tangible assets.
(2) If the aggregate value of all transactions entered into with the same
interested person during the same financial year amounts to 3% or more of
the group’s latest audited net tangible assets, the issuer must make an
immediate announcement of the latest transaction and all future
transactions entered into with that same interested person during that
financial year.
(3) Rule 905(1) and 905(2) does not apply to any transaction below
$100,000.
5. Listing Rule 906 –

(1) An issuer must obtain shareholder approval for any interested person
transaction of a value equal to, or more than:-
(a) 5% of the group’s latest audited net tangible assets; or
(b) 5% of the group’s latest audited net tangible assets, when aggregated
with other transactions entered into with the same interested person during
the same financial year. However, a transaction which has been approved
by shareholders, or is the subject of aggregation with another transaction
that has been approved by shareholders, need not be included in any
subsequent aggregation.
(2) Rule 906(1) does not apply to any transaction below $100,000.
6. Listing Rule 210(5)(b) mentions the character and integrity of directors,

management and controlling shareholders of the issuer
7. Listing Rule 720 requires compliance on a continuing basis.

*Note: For more information, please refer to the SGX - Public Disciplinary
Action dated 13 Apr 2010
CAD-Related Attilan Group CAD On 2 Apr 2014, Blumont Group Ltd (the "Company" or "Blumont")
companies
12 Jan 2022 | 10:21 AM Page 31 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

investigations.
under the SFA.


to 31 Mar 2014;
Company:
to 31 Mar 2014.
12 Jan 2022 | 10:21 AM Page 32 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

investigation.
with the CAD.



Hing Woon; and

12 Jan 2022 | 10:21 AM Page 33 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action



the CAD.
date.

Check; and

12 Jan 2022 | 10:21 AM Page 34 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

and
on-going.


Sep 2018;

12 Jan 2022 | 10:21 AM Page 35 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

2018 and 23 Aug 2019.
MAS-Related Attilan Group CAD On 2 Apr 2014, Blumont Group Ltd (the "Company" or "Blumont")
companies
investigations.
under the SFA.

12 Jan 2022 | 10:21 AM Page 36 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action

to 31 Mar 2014;
Company:
to 31 Mar 2014.

investigation.
with the CAD.

12 Jan 2022 | 10:21 AM Page 37 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action


Hing Woon; and




12 Jan 2022 | 10:21 AM Page 38 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
the CAD.
date.

Check; and

and
on-going.


12 Jan 2022 | 10:21 AM Page 39 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
Sep 2018;


2018 and 23 Aug 2019.
SGX-Related Attilan Group Delisting of On 6 Jun 2019, Attilan Group Limited (“Company”) announced that it had
Limited Attilan Group on 4 Jun 2019 received a Notification of Delisting (“Notification”) from the
Regulatory and Limited Singapore Exchange Securities Trading Limited (“SGX-ST”).
Enforcement
Events In the Notification, SGX-ST stated that:
- It noted that the Company has not met the requirements under Listing
Rule 1314 for its removal from the Watch-list and hence, SGX-ST will
proceed to delist the Company pursuant to Listing Rule 1315.
- Pursuant to Listing Rule 1306, the issuer or its controlling shareholder(s)

must comply with the Listing Rule 1309 which requires the Company or its
controlling shareholder(s) to provide a reasonable exit offer to
shareholders. The Company shall inform SGX-ST on the exit offer proposal
as soon as practicable and no later than one month from the date of the
Notification. The Company shall provide SGX-ST updates via SGXNET on
the status of the Company’s exit offer proposal.
- Trading in the Company’s securities will continue until 5.16pm, 3 Jul 2019
12 Jan 2022 | 10:21 AM Page 40 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
and the trading will remain suspended from 9am, 4 Jul 2019 until
completion of the exit offer.
On 27 Jun 2019, the Company announced that it would submitt to the

SGX-ST an appeal in relation to the Delisting Notification.
On 23 Jul 2019, the Company announced that it was not able to provide a
reasonable exit offer for the following reasons:
(i) as disclosed in the Group’s financial results announcement for the first
quarter period ended 31 Mar 2019, the Group recorded an amount of
S$62,702 in cash and cash equivalent at the end of the quarter and the
Company was in a net liabilities position; and
(ii) none of the Company’s controlling shareholders had expressed any

intention to make an exit offer.
On 8 Oct 2019, the Company announced that after consultation with the
SGX-ST, the Company will be delisted from the SGX-ST with effect from
9.00 a.m. on 15 Oct 2019 and there will be no exit offer from the Company
nor its controlling shareholder.
*Note: For more information, please refer to the Company’s
announcements dated 6 Jun 2019, 27 Jun 2019, 23 Jul 2019 and 8 Oct
2019.
SGX-Related China Powerplus Delisting of On 7 May 2014, China Powerplus Limited (the "Company") announced that
Pte. Ltd. China the Company was unable to meet the criteria of under Rule 1314 by the
Regulatory and Powerplus said deadline and, subsequent to the Joint Announcement, the Company
Enforcement Limited has received a notification from the Singapore Exchange Securities
Events Trading Limited (“SGX-ST”) on 6 May 2014 (“Notification of Delisting”)
directing that SGX-ST will proceed to delist the Company pursuant to Rule
1315 of the Listing Manual (“Delisting”).
Pursuant to the Notification of Delisting:

(a) trading in the Company’s securities will continue until 5.00 pm on 5 Jun
2014 and trading in the Company’s securities will be suspended from 9.00
am on 6 Jun 2014 until the completion of the cash exit offer ("Exit Offer");
(b) pursuant to Rule 1306 of the Listing Manual, the Company or its
controlling shareholder(s) must comply with Rule 1309 of the Listing
Manual which requires the Company or its controlling shareholder(s) to
provide a reasonable Exit Offer to the Shareholders and
(c) Rule 1307 of the Listing Manual which requires the Company to obtain
Shareholders’ approval for a voluntary delisting will no longer apply.
On 9 May 2014, the Company announced that Apple Cove Limited

("Offeror”) has presented to the directors of the Company a revised formal
proposal to make an exit offer to the shareholders of the Company
(“Shareholders”) pursuant to Rules 1306 and 1309 of the listing manual of
the SGX-ST (“Listing Manual”) in connection with the Delisting by the SGX-
ST in accordance with Rule 1315 of the Listing Manual and the Notification
of Delisting.
On 4 Sep 2014, the Company announced that SGX-ST has confirmed that
the date of the delisting of the Company from the Official List of the SGX-
ST will be 5 Sep 2014. Accordingly, the Company will be delisted from the
Official List of the SGX-ST with effect from 9.00 a.m. on 5 Sep 2014.
*Note: For more information, please refer to the Company's
announcements dated 7 May 2014, 9 May 2014 and 4 Sep 2014
HKEx-Related CW Group Delisting of On 17 Feb 2020, CW Group Holdings Limited (the "Company") announced
Holdings Limited CW Group that on 21 Jan 2020, the joint provisional liquidators ("JPLs") received an
Regulatory and
12 Jan 2022 | 10:21 AM Page 41 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
Enforcement Holdings indicative term sheet in respect of the restructuring of the Company, which
Limited was further revised on 24 Jan 2020, from one of the potential investors (the
Events “Potential Investor”). Since the receipt of the aforementioned term sheet,
the Company had been negotiating with the Potential Investor on the terms
and conditions of the restructuring of the Company based on the
aforementioned term sheet. Accordingly, on 31 Jan 2020, the JPLs
submitted an application to The Stock Exchange of Hong Kong Limited
(the “Stock Exchange”) for an extension of time for the submission of
Resumption Proposal.
On 7 Feb 2020, the JPLs received a letter from the Stock Exchange,
pursuant to which, the extension of time for the submission of Resumption
Proposal was not granted, and the Listing Committee of the Stock
Exchange has decided to cancel the Company’s listing under Rule 6.01A
of the Listing Rule (the “Decision”).
Under Chapter 2B of the Listing Rules, the Company has the right to have
the Decision referred to the Listing Review Committee of the Stock
Exchange for a further and final review and such review request is required
to be made within 7 business days from the receipt of the Decision.
Accordingly, the Company had made an application to the Stock Exchange
for a review of the Decision on 14 Feb 2020.
On 6 Jul 2020, the Company announced that the Company and its
professional advisors had submitted the written submissions for the
aforesaid review in Jun and Jul 2020 respectively. As at 6 Jul 2020, the
review hearing date in relation to the Decision was yet to be fixed.
On 7 Oct 2020, the Company announced that the review hearing was held
on 21 Sep 2020 by the Listing Review Committee. On 5 Oct 2020, the
Stock Exchange issued a letter informing the Company that the Listing
Review Committee decided to uphold the Decision after considering all the
facts and evidence, and all the submissions presented by the Company
and the Listing Division.
Further, by a letter from the Stock Exchange dated 6 Oct 2020, the
Company was informed that the listing of the Company's shares ("Shares")
should be cancelled under Rule 6.01A of the Listing Rules. The last day of
the listing of the Shares will be 9 Oct 2020 and the listing of the Shares will
be cancelled with effect from 9:00am on 12 Oct 2020.
announcements dated 17 Feb 2020, 6 Jul 2020 and 7 Oct 2020.
List of Special NGSC Limited On 15 Jul 2012, Next-Generation Satellite Communications Limited (the
"Company") announced that the Board will be appointing an independent
Investigations accounting firm to investigate into the matter relating to the funds placed
with the Finance Company.
On 25 Jul 2012, the Company announced that it has appointed Ernst &
Young Advisory Pte. Ltd. ("E&Y") as the independent accounting firm to the
Company to carry out investigation into the matter relating to the funds
placed with the Finance Company.
On 31 Oct 2014, the Company announced the report done by E&Y dated
31 Oct 2014.
On 10 Nov 2014, the Company announced that pursuant to the E&Y report
dated 31 Oct 2014 to further investigate certain areas, E&Y was appointed
to investigate on the acquisition transaction relating to the Multi Skies
Nusantra Limited Group.
On 7 Dec 2017, the Company announced that E&Y has completed its
12 Jan 2022 | 10:21 AM Page 42 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
further investigation into the acquisition of Multi Skies Nusantra Limited

and its subsidiaries, and has issued a report (the “E&Y II Report”) on its
findings to the Company.
SGX-Related NGSC Limited Proposed On 3 Dec 2019, NGSC Limited (the “Company”) announced that on the
Delisting of same date it had received a Notification of Delisting (“Notification”) from the
Regulatory and NGSC Limited Singapore Exchange Securities Trading Limited (“SGX-ST”).
Enforcement
Events In the Notification, SGX-ST stated that:
1. it noted that the Company has not met the requirements under Listing
Rule 1314 for its removal from the Watch-list and hence, SGX-ST will
proceed to delist the Company pursuant to Listing Rule 1315.
2. pursuant to Listing Rule 1306, the issuer or its controlling shareholder(s)

must comply with the Listing Rule 1309 which requires the Company or its
controlling shareholder(s) to provide a reasonable exit offer to
shareholders. The Company shall inform SGX-ST on the exit offer proposal
as soon as practicable and no later than one month from the date of the
Notification. The Company shall provide SGX-ST updates via SGXNET on
the status of the Company’s exit offer proposal.
3. Trading in the Company’s securities will continue until 5.16 pm, 2 Jan
2020 and the trading will remain suspended from 9 am, 3 Jan 2020 until
completion of the exit offer.
The Board was reviewing the Notification and intends to make an appeal to
SGX-ST.
On 14 Feb 2020, the Company announced that it had on 23 Dec 2019

made an application to SGX-ST for an appeal on the Notification.
On 1 Jun 2020, the Company announced that it had been working on the
exit offer proposal(s) but the efforts had been hampered by the current
pandemic and movement control orders in Singapore and across the
region. Nevertheless the Company would continue to pursue all viable
avenues.
On 29 Jan 2021, the Company announced that on 18 Aug 2020, the

Company had been notified definitively by the SGX-ST that the SGX-ST
will not consider any proposal or application from the Company which
requests for any time extension to exit the Watch-List.
In addition, as previously announced in the Notification, in accordance with

Rules 1306 and 1309 of the SGX-ST Listing Manual, SGX-ST requires a
reasonable exit offer to be made to the Company’s shareholders.
On 11 Feb 2021, the Company announced that the Board of Directors of

the Company (“Directors”) has appointed legal and financial advisers to
advise on the options available to the Company in relation to a reasonable
exit offer.
On 25 May 2021, the Company announced that the Directors are presently
considering the viability of undertaking an exit offer by way of a court-
approved selective capital reduction by the Company (a “Selective Capital
Reduction”), where the shares (“Shares”) held by the shareholders of the
Company (“Shareholders”) (except those shares held by Telemedia Pacific
Group Limited (the “Controlling Shareholder”) and its associates,
representing approximately 26.09% of the total number of Shares as at the
date of this Announcement) would, subject to Shareholders’ approval and
court approval (amongst other things), be cancelled in return for cash (the
12 Jan 2022 | 10:21 AM Page 43 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN

Action
“Potential Exit Offer”).
On 11 Jul 2021, the Company announced that on 8 Jun 2021, the

Company has sought and, obtained confirmation from the Controlling
Shareholders that they have no objection to the Company undertaking the
Selective Capital Reduction, provided that (i) the price per Participating
Share is not higher than S$0.00155, taking into consideration the cash
amount in the Company and the amount of cash the Company would need
to continue operations post-delisting, and (ii) the Selective Capital
Reduction is completed by 30 Nov 2021.
announcements dated 3 Dec 2019, 14 Feb 2020, 1 Jun 2020, 29 Jan
2021, 11 Feb 2021, 25 May 2021 and 11 Jul 2021.
12 Jan 2022 | 10:21 AM Page 44 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
EXPLANATORY NOTES
RED List Check looks at a search subject's direct and indirect exposure to regulatory, enforcement, and disciplinary actions ("RED Actions")
by various regulatory bodies. There are 2 sections to the RED List Checks: Direct Exposure and Indirect Exposure
COVERAGE
RED List Check covers publicly announced regulatory, enforcement, and disciplinary actions by the following regulatory bodies:
Name Short Name Coverage From
Singapore Exchange Limited SGX 2010

The Monetary Authority of Singapore MAS 2008
Commercial Affairs Department, Singapore Police Force CAD 2008
Corrupt Practices Investigation Bureau, Singapore CPIB 2009
Inland Revenue Authority of Singapore IRAS 2005
Accounting and Corporate Regulatory Authority, Singapore ACRA 2005
Institute of Singapore Chartered Accountants ISCA 2008
Securities Industry Council SIC 2001
Bursa Malaysia Berhad Bursa MY 2007
Securities Commission Malaysia SCM 1996
Suruhanjaya Syarikat Malaysia SSM 2010
Bank Negara Malaysia BNM 1991
Malaysian Anti-Corruption Commission MACC 2012
Federation of Investment Managers Malaysia FiMM 2012
Hong Kong Exchanges and Clearing Limited HKEx 1999
Securities and Futures Commission, Hong Kong HK SFC 1997
Ministry of Home Affairs (Terrorism Only) MHA (Terrorism Only) 2002
Independent Commission Against Corruption, Hong Kong HK ICAC 2016
Hong Kong Monetary Authority HKMA 1997
Hong Kong Institute of Certified Public Accountants HKICPA 2012
Hong Kong Company Registry HKCR 2007
Australian Securities and Investment Commission ASIC 2019
Interpol (Note 1) Interpol 1998
United Nations Security Council UNSC 2018
Note 1: We cover 7 sections from Interpol. The following countries are captured for the section 'Interpol Wanted Person': Singapore, Malaysia, Hong Kong, Vietnam,
Philippines, Myanmar, China, United Kingdom, United States, Australia, Hong Kong, Afghanistan, Kazakhstan, and Kyrgyzstan.
12 Jan 2022 | 10:21 AM Page 45 of 46

Created by bizdev
RED LIST REPORT
JEFFREY ONG SU AUN
Disclaimer:
The contents of this Report are based on publicly available information and/or sources deemed reliable, including but not
limited to the relevant authorities and/or regulators. To the fullest extent permitted by law, DC Frontiers Pte. Ltd. ("DCF”) does
not warrant, whether expressly or impliedly, the correctness, accuracy, veracity, currency and/or completeness of any data or
other information in this Report. DCF shall not be liable for any damage or loss of any kind, howsoever caused as a result
(direct or indirect) of the use of the Report, including but not limited to any damage or loss suffered as a result of reliance on
the information contained in or available from the Report. Due to the inherent lack of unique identification in public disclosures,
we are unable to confirm with absolute certainty that the names mentioned in public disclosures are the same persons as the
Subject. The Report and any information contained therein, is confidential and provided strictly and solely for the Client. No
reliance shall be placed by any other third party on the Report for any purpose whatsoever and DCF accepts no responsibility
for the consequences of disclosure of this Report to any third party notwithstanding that DCF may have consented to such
disclosure. The information contained herein is as at the date of the Report and is subject to change, completion and
amendment without further notice. The information is not to be construed as legal, business, or tax advice and if any
professional advice is required, services of a competent professional should be sought.
12 Jan 2022 | 10:21 AM Page 46 of 46

Created by bizdev

Jeffrey Ong Su Aun - Red List

Uploaded by

Copyright:

Available Formats

Jeffrey Ong Su Aun - Red List

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Jeffrey Ong Su Aun - Red List

Uploaded by

Copyright:

Available Formats

RED LIST REPORT

JEFFREY ONG SU AUN 12 Jan 2022

Direct : CAD | MAS

Type : Others CRSG

DIRECT EXPOSURE RESULTS

Search Subject was the target of the following RED events :

12 Jan 2022 | 10:21 AM Page 1 of 46

12 Jan 2022 | 10:21 AM Page 2 of 46

Innopac Holdings Limited ("Innopac")

LionGold Corp Ltd ("LionGold")

ITE Electric Co Ltd ("ITE")

ISR Capital Limited ("ISR")

IPCO International Limited ("IPCO")

Annica Holdings Limited ("Annica")

12 Jan 2022 | 10:21 AM Page 3 of 46

RED Actions Targeting :

Entity Nature of Details

12 Jan 2022 | 10:21 AM Page 4 of 46

On 24 Apr 2014, Blumont announced that the CAD is conducting an

12 Jan 2022 | 10:21 AM Page 5 of 46

12 Jan 2022 | 10:21 AM Page 6 of 46

12 Jan 2022 | 10:21 AM Page 7 of 46

12 Jan 2022 | 10:21 AM Page 8 of 46

Mr. Low will also cooperate and assist in investigations.

12 Jan 2022 | 10:21 AM Page 9 of 46

fully with CAD on the investigation.

Investigations against Jeffrey Ong were ongoing.

12 Jan 2022 | 10:21 AM Page 10 of 46

RED Actions Targeting :

Entity Nature of Details

12 Jan 2022 | 10:21 AM Page 11 of 46

INDIRECT EXPOSURE RESULTS

12 Jan 2022 | 10:21 AM Page 12 of 46

12 Jan 2022 | 10:21 AM Page 13 of 46

INDIRECT EXPOSURE RESULTS

Search Subject has indirect connections to the following RED actions :

Type of RED Target Entity Event Details of Event

On 11 Jun 2008, the Monetary Authority of Singapore ("MAS") announced

The MAS and the Accounting and Corporate Regulatory Authority

In accordance with the Code, the Council decided to convene a hearing to

1. Dr Anthony Soh Guan Cheow ("Dr Soh") is found to have breached

12 Jan 2022 | 10:21 AM Page 14 of 46

Type of RED Target Entity Event Details of Event

Soh is censured and:

2. Oversea-Chinese Banking Corporation Ltd ("OCBC Bank") as the

In the circumstances, the hearing committee accepts Mr Lo’s self imposed

4. Merrill Lynch International ("MLI") is found to be in breach of Rule 12.1

12 Jan 2022 | 10:21 AM Page 15 of 46

Type of RED Target Entity Event Details of Event

2008 and 14 Oct 2008.

On 11 Jun 2008, the Monetary Authority of Singapore ("MAS") announced

The MAS and the Accounting and Corporate Regulatory Authority

In accordance with the Code, the Council decided to convene a hearing to

1. Dr Anthony Soh Guan Cheow ("Dr Soh") is found to have breached

2. Oversea-Chinese Banking Corporation Ltd ("OCBC Bank") as the

12 Jan 2022 | 10:21 AM Page 16 of 46

Type of RED Target Entity Event Details of Event