Cybersec Technology Pte Ltd, headquartered in Singapore, issued an official statement on July 22, expressing serious concerns about the lack of transparency and the dissemination of misleading information during the bidding process for Marina Bay Sands (MBS) Tower 4.

Cybersec stated that throughout the bidding preparation phase, the company continuously received information from Larry Chiu, President of International Marketing at Marina Bay Sands, and Yang Lixin.

Whether explicitly or implicitly, these communications clearly led Cybersec to believe that the company had been selected as the executor of the project.

Cybersec disclosed in the statement: "Based on these communications, the company firmly believed the project was effectively confirmed."

"In good faith, Cybersec invested significant resources in manpower, materials, and time—including forming a dedicated team, drafting technical proposals, and organizing site visits."

However, during the formal bidding process, Cybersec was excluded from the list of qualified bidders and has yet to receive any official clarification or explanation.

The company stated that this unexpected development has severely impacted its operations and reputation, while also undermining the fairness and transparency that should be upheld in the bidding process.

Yang Songyu, representing Cybersec, said: "We solemnly remind all companies and individuals to remain vigilant against the use of informal channels to disseminate misleading information and manipulate market expectations."

"We have strong reasons to believe that certain individuals abused their influence during the bidding process, creating false expectations and harming fair competition."

Cybersec emphasized that the company possesses substantial evidence—including email exchanges, signed agreements, draft project documents, and communication records—sufficient to prove the misleading actions and the resulting unfulfilled commitments.

The company also formally stated that if regulatory authorities initiate an investigation, it will fully cooperate and disclose all relevant materials to safeguard its legal rights and the fairness of the bidding process.

Cybersec stated: "Marina Bay Sands Tower 4 is a major project of international significance. Transparency, fairness, and integrity are core principles that must not be compromised during its bidding process."

"We urge the relevant authorities in Singapore to immediately intervene, investigate the information dissemination mechanisms and responsibilities of the involved parties, and rectify any misconduct."

The company added: "Only through strict governance and regulatory mechanisms can investor confidence be protected, and Singapore's reputation as one of the world's most reputable business and legal environments be maintained."$SANDS CHINA LTD(01928.HK) $MGM CHINA(02282.HK) $GALAXY ENT(00027.HK) $Hang Seng Index(00HSI.HK) $NASDAQ Composite Index(.IXIC.US) $Dow Jones Industrial Average(.DJI.US) $SITE Centers(SITC.US) $SJM HOLDINGS(00880.HK) $WYNN MACAU(01128.HK)