Sinostar PEC Holdings Faces Regulatory Investigation Amid Unusual Trading Activities
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Sinostar PEC Holdings Limited is under investigation by the Monetary Authority of Singapore (MAS) for unusual trading activities and price movements. This scrutiny has resulted in a search of the company's premises and the detention of Executive Director Yan Tai Ling, who is currently on bail. The company is cooperating with authorities, which may impact its market position and stakeholder confidence. Sinostar PEC Holdings is listed on the Singapore Exchange and operates in the financial sector, with a current market cap of S$142.1M.
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