Sevens Atelier vows to cooperate on MAS, CAD probe

The company is under investigation for violation of Securities and Futures Act 2001.

PropTech consultancy company Sevens Atelier received an order to provide documents and information to the Commercial Affairs Department (CAD) and assist the Monetary Authority of Singapore (MAS) in its probe into an offence under the Securities and Futures Act 2001.

The documents include all emails from Richard Koh Chye Heng, the company’s former executive director and CEO, Lim Xiu Fang Vanessa, executive director, and Tang Yao Zhi from the Management Team.

The company must also submit supporting documents related to the following announcements: new controlling shareholder of the company (22 June 2021); appointment of executive director (8 September 2021); and proposed diversification, proposed acquisition, proposed disposal and proposed change of name (28 April 2022).

Sevens Atelier, formerly known as Pan Asian Holdings, changed its name in June 2022.

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