Former GS Holdings CEO Faces Share Price Manipulation Charge
The former chief executive of GS Holdings, a Catalist-listed firm that operates food courts and food centres in Singapore, has been charged over alleged share price manipulation, and two other men face related charges.
- Accused
- Pang Pok, 68, who stepped down as CEO in 2024, and two others: Chong Fatt, 60, and Koh Kim Seng, 62
- Alleged period
- January 2022 to October 2023
- Court date
- Adjourned to 2 December so the men can engage lawyers; no pleas entered on 4 November
- Bail
- Pang $120,000; Chong $40,000; Koh $30,000
The Allegations
Prosecutors say the three men conspired to create a false impression of GS Holdings’ share price. They allegedly used three trading accounts to place orders and execute trades in the company’s securities, pushing up the price. The court documents did not state what roles Chong and Koh held at GS Holdings.
Further Charge Against Two Accused
Pang and Chong are also accused of perverting the course of justice by deleting text messages connected to the trades.
Penalties
Anyone convicted of false trading can face up to seven years in jail, a fine of up to $250,000, or both. Perverting the course of justice carries up to seven years’ jail, a fine, or both.
Company Background
According to SGX filings, GS Holdings changed its name earlier in 2026 to Octopus (APAC) Holdings, reflecting an aim to become a food and beverage distribution partner across the Asia-Pacific region.
The accused are presumed innocent unless proven guilty in court. These are allegations only.
