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Singamas Container Employee Arrested Outside Hong Kong

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-- Singamas Container (HKG:0716) said one of its employees was arrested outside Hong Kong at the request of the US Department of Justice in a matter involving alleged anti-competitive conduct, according to a filing with the city's bourse Monday.

The firm said the employee was neither a director nor a member of its senior management.

The company is yet to ascertain the identity of the employee or the extent of implications for the group.

Singamas Container said it had also not received any legal process or other legal documentation from the US Justice Department regarding the matter.

Shares of the company fell nearly 2% in early-morning trade Monday.

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