Poging GOUD - Vrij
Electric van leasing firm EVCo to shut after arrest of key execs
The Straits Times
|March 05, 2024
EVCO, the joint venture company set up by the business arm of SMRT and a Chinese electric vehicle firm, is being wound up, several months after its two key executives were arrested in connection with a police investigation.
In a March 1 post on EVCo's LinkedIn page, chairwoman Judy Lee announced the company - owned by Strides Holdings and Dishangtie Green Technology (Hong Kong) - would go into liquidation.
The "difficult decision" was made after "careful consideration, deliberation and thorough evaluation" of the company's financial situation, she said.
"We understand that this news would be disappointing to our staff, customers, shareholders and partners. All staff have been informed, and we are committed to supporting them during this transition," she added.
EVCO's former chief executive officer Fuji Foo and former chief financial officer Janice Low were arrested late in 2023 in connection with a police probe after irregularities were detected, and an internal audit was started.
Dit verhaal komt uit de March 05, 2024-editie van The Straits Times.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Straits Times
The Straits Times
RELAXED GAUFF BACK IN BUSINESS
WTA Finals defending champ ousts Paolini to keep alive her hopes of reaching semis
2 mins
November 05, 2025
The Straits Times
Employers' role in uplifting talent key amid uncertainty, says DPM Gan
Employers must play a part to reshape the workforce in line with their changing talent needs, and this effort is core to good business strategy moving forward.
3 mins
November 05, 2025
The Straits Times
Budget for future MRT lines may cover longer stations to boost train capacity
In building future MRT lines, the authorities will see if they can budget in advance for longer stations so that they can increase the capacity of trains when needed, said Acting Transport Minister Jeffrey Siow.
2 mins
November 05, 2025
The Straits Times
Singapore donates $652k to World Food Programme for Gaza
Dr Balakrishnan says S’pore will do its part to support the WFP to fight hunger
3 mins
November 05, 2025
The Straits Times
The dark side of Japanese convenience stores
Rising wages and an ageing workforce put pressure on existing staff.
4 mins
November 05, 2025
The Straits Times
EMBRACES SHOULD SEIZE THE DAY
Nov 5 Hong Kong (Happy Valley) preview
5 mins
November 05, 2025
The Straits Times
Raids on Myanmar scam hubs trigger recruitment rush for other centres
Recent raids on one of Myanmar’s most notorious internet scam hubs sparked a recruitment rush as fleeing workers scrambled to enlist at nearby fraud factories, experts and insiders told AFP.
3 mins
November 05, 2025
The Straits Times
More directors in S'pore-listed firms being paid less than $50k in 2025: Study
Data suggests downward pressure on board remuneration; more firms providing info
5 mins
November 05, 2025
The Straits Times
Jennifer Aniston goes Instagram official with boyfriend Jim Curtis
American actress Jennifer Aniston has finally gone public with her boyfriend, author and life wellness coach Jim Curtis.
1 min
November 05, 2025
The Straits Times
Worker trapped under collapsed tower in Rome dies
A Romanian worker trapped for hours under rubble in Rome on Nov 3 following the partial collapse of a mediaeval tower near the Colosseum has died, local media reported.
1 min
November 05, 2025
Translate
Change font size