Leader Environmental Technologies chairman and deputy CTO facing insider trading probe
Lin Yucheng, executive chairman and CEO of Leader Environmental Technologies, is under probe the Singapore authorities for possible insider trading.
Besides Lin, the company' s deputy chief technology officer, Guo Chenghong, is similarly investigated by the Commercial Affairs Department and the Monetary Authority of Singapore.
Both men have been asked to surrender their passports as " there had arisen reasonable grounds for believing that they had committed an offence," the company states.
Their mobile devices and computers have been seized as well.
The company' s nominating committee believes that as the probes are still on-going and no formal charges pressed against either Lin or Guo, they should continue with their duties to ensure business continuity.
" The business and operations of the group are not affected by the abovementioned investigations and will continue as normal," the company adds.
Leader Environmental Technologies shares, which has been halted pending this announcement, last traded at 11 cents, and is up 17.22% year to date.
 
Last:0.11     
  -0.004
halted!
  -0.004halted!
Leader Environmental Technologies
 
On June 28, Leader Environmental Technologies (LET) executive director Lin Baiyin disposed of 10 million shares of the company at a consideration of 10.5 cents per share to private investors via married deals.
 
This decreased his total interest in the technology driven environmental solutions provider from 3.85 per cent to 3.09 per cent.
 
It followed his disposal of 14.3 million and 8.0 million shares at considerations of S$0.113 and S$0.115 per share respectively to private investors on June 7.
 
Mr Lin began his career in wastewater treatment in 1994.
 
In 2005, he established Anjie Environmental, before he was appointed chief executive officer of LET from 2006 to 2020.
 
During 2020, the group underwent a strategic review to re-organise its group structure and de-registered two dormant companies, divested a loss-making subsidiary, and incorporated three new wholly owned subsidiaries to engage, invest and partake in the new environmental-related businesses in respect of sludge treatments, industrial wastewater, production of high performance membrane, and green tech investments.
 
Lin Yucheng took on the role of LET executive chairman and chief executive officer on Jan 1, 2021.
 
During that same month, LET acquired Bituo Environmental Technologies (Tianjin), an environmental technology company specialising in municipal sludge treatment with nine patents covering different technologies and processes.
 
The month of January also saw the group enter into a joint venture investment with Nanosun to set up high performance membrane manufacturing facilities in Singapore and China.
 
LET' s renounceable non-underwritten rights issue at an issue price of 10 cents for each rights share, on the basis of one rights share for every two existing ordinary shares, will be trading ex-rights on July 8.
Last:0.117     
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another 2.5mil share married deal at 11c
something is brewing 
gd luck dyodd
  +0.001another 2.5mil share married deal at 11c
something is brewing 
gd luck dyodd
ozone2002 ( Date: 28-Jun-2021 14:34) Posted:
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Last:0.117     
  -0.002
10mil shares married deal at 10.5c
gd luck dyodd
  -0.00210mil shares married deal at 10.5c
gd luck dyodd
May hit $0.125 if $0.122 is breached again....
Last:0.122     
  +0.01
lovely run up
big boys are in
gd luck dyodd
  +0.01lovely run up
big boys are in
gd luck dyodd
ozone2002 ( Date: 17-Jun-2021 10:45) Posted:
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Last:0.114  --
selling abated
good price for entry for the next upside
gd luck dyodd
 
selling abated
good price for entry for the next upside
gd luck dyodd
 
ozone2002 ( Date: 07-Jun-2021 20:47) Posted:
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Last:0.116     
  -0.003
Smart money only sells on high prices to exit
& accumulate when price retraces or is low
gd luck dyodd
  -0.003Smart money only sells on high prices to exit
& accumulate when price retraces or is low
gd luck dyodd
ozone2002 ( Date: 02-Jun-2021 11:01) Posted:
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by the time i saw those alrdy too late.. 
easywin ( Date: 07-Jun-2021 15:57) Posted:
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Why focus on this weak counter, so many counters moving fast just grab it and earn easy money
Nonsense wave again..
TraderBen ( Date: 04-Jun-2021 16:41) Posted:
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is this wave3 coming?
SgYuan ( Date: 21-May-2021 14:41) Posted:
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somemore go lower than yesterday ! this BB dont leave bones for people..
TraderBen ( Date: 02-Jun-2021 13:56) Posted:
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what a joke.. lucky i didnt chase..
choices30 ( Date: 02-Jun-2021 11:49) Posted:
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Yes it' s indeed a waste of the volume churn
Should have been sustained
Should have been sustained
122 already.. gonna 121 liao... so wasteful of the volumes..
ozone2002 ( Date: 02-Jun-2021 11:01) Posted:
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Last:0.123     
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moving up, in top vol
gd luck dyodd
  +0.003moving up, in top vol
gd luck dyodd
ozone2002 ( Date: 29-May-2021 11:26) Posted:
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no strength at all..WEAK
TraderBen ( Date: 31-May-2021 16:47) Posted:
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moving down ...
ysh2006 ( Date: 30-May-2021 05:38) Posted:
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