Multi-Chem Completes Inquiry on Marketing Expenses

MT Newswires

2024/12/23

Multi-Chem (SGX:AWZ) has completed an inquiry into its 2023 marketing expenses, conducted by Shook Lin & Bok, according to a Friday filing on the Singapore Exchange.

The inquiry confirmed the transactions were legitimate, with no evidence of misconduct or financial loss.

However, it recommended implementing measures to reduce risks of unauthorized fund leakage, including updating policies and procedures. A new policy for stricter scrutiny of gift voucher purchases has already been implemented in May.

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