https://www.theedgesingapore.com/midas-uncovers-another-lawsuit-against-dalian-subsidiary-unauthorised-guarantor
This is the 2nd case already and the ex-chairman is pleading innocence because he is unaware of such loans.
https://sg-stock.blogspot.sg/2018/02/midas-assets-are-frozen-in-china.html
Will there be more such cases? Do you still have faith in this company?
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https://www.businesstimes.com.sg/companies-markets/midas-units-yet-to-remit-funds-due-for-noteholders-redemption
Midas may not have the cash as stated in its China bank account.
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