WHO ARE THE SINGAPOREANS?
The involvement of the Singaporean individuals and entities was first reported on Wednesday by Singapore newspaper The Business Times.
Ms Chen Xiuling, Mr Alan Yeo Sin Huat and Mr Nigel Tang Wan Bao Nabil are the Singaporeans placed on the US’ Specially Designated Nationals and Blocked Persons List for their alleged ties to Chen Zhi, his affiliates and Prince Holding Group.
Those on the list are identified as posing threats to US national security and foreign policy. US persons are generally prohibited from dealing with them, and their assets are blocked.
According to the Treasury Department, Ms Chen Xiuling, 43, oversees Prince Holding Group companies based in Mauritius, Taiwan and Singapore.
CNA’s checks on company filings found that of the 17 Singapore-registered entities sanctioned, Ms Chen is listed as either director, company secretary and/or shareholder of 14 of them.
This includes the holding company that managed Chen Zhi’s luxury yacht, the Treasury Department said, although it did not specify which one.
In its SGX statement on Thursday, the 17Live firm said that besides providing oversight as a director and member of board subcommittees, Ms Chen Xiuling was not involved in its business and operations.
It added that 17Live has never done business with Ms Chen; the DW Capital company she works in; nor Chen Zhi, who is a shareholder of DW Capital.
Based on DW Capital’s website, Ms Chen Xiuling is the chief finance officer of the company, which was founded by Chen Zhi.
Her profile on the company’s website states that she is a chartered accountant of Singapore with more than 10 years of combined experience as an auditor.
