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One IT Distribution Pte Ltd (“One IT”) and its director, Alan Ang Soon Teck (“Alan Ang”), have been convicted of assisting Chuan Huat Electronics Pte Ltd (“Chuan Huat Electronics”) to obtain a higher amount of Productivity and Innovation Credit (“PIC”) cash payout which Chuan Huat Electronics was not entitled to. Chuan Huat Electronics has also been convicted of giving false information in the PIC cash payout application form in order to obtain a PIC cash payout of $16,300.20.
