Allied Tech readies repsonse on embattled executive's arrest

Allied Technologies executive director Kenneth Low was arrested last week.

Catalist-listed Allied Technologies is under intense scruitiny this week, after the company's executive director Kenneth Low Si Ren was arrested on April 7. He was called in by the Commercial Affairs Department(CAD), and was released on bail the same day.

This led to the Singapore Exchange (SGX) sending several questions to the precision engineering firm. This included queries on the specific charges, the company's assessment of those allegations, and the potential impact on the company.

The SGX also asked if Low was indeed asked to surrender his passport to the CAD as a part of the investigation.

The bourse sought clarification on Low's involvement with the case against former lawyer Jeffry Ong Su Aun for alleged misapporpriation of company funds, as news articles named the executive director among one of the co-accused.

Allied CEO and executive director Leow Wee Kia Clement, in a bourse disclosure, said the company would respond to the queries posted by the SGX by April 14.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia