Singamas Container Holdings Limited (Singamas) has disclosed that the United States Department of Justice (US DOJ) has brought criminal antitrust charges against several container manufacturers and individuals, including the company itself, Executive Director and Chief Executive Officer Mr. Teo Siong Seng, and one Group employee. As at the date of the announcement, neither Singamas nor Mr. Teo has been formally served with legal process or other documentation related to the case.
The Board has retained external legal advisers to evaluate the Matter and its potential implications. Management states that all core operations and day-to-day activities of the Group “remain normal in all material respects.” The company will continue to monitor developments and issue further announcements in line with Hong Kong Stock Exchange Listing Rules.
Trading in Singamas shares was halted at 1:49 p.m. on 20 May 2026 pending this disclosure. An application has been submitted for trading to resume at 9:00 a.m. on 21 May 2026. Shareholders and prospective investors are urged to exercise caution when dealing in the company’s securities.
The Board currently comprises three executive directors—including Mr. Teo Siong Seng—one non-executive director, and three independent non-executive directors.