SINGAPORE (Dec 19): Sen Yue Holdings, the electro deposition (ED) coating service provider, says its board of directors have been informed by its lead independent director Kevin Norbert Scully of a prohibition order (PO) issued by the Monetary Authority of Singapore (MAS).

Scully, who serves as Sen Yue’s audit committee chairman and member of the nominating and remuneration committees, is also the executive chairman and founder of NRA Capital.

Under the prohibition order, Scully will be prohibited from providing any financial advisory service or acting as a representative in respect of any financial advisory service; as well as taking part in the management of, acting as a director of, or becoming a substantial shareholder of a licensed financial adviser or exempt financial adviser for a period of three years from Dec 18... (Click here to read the full story.)