Swiftdata, owner of Nvidia-linked Megaspeed, lists address occupied by interior design firm

Detailed summary

Swiftdata, owner of Nvidia-linked Megaspeed, lists Midview City address occupied by an interior design firm amid investigations. Read more at straitstimes.com.

Swiftdata, the parent company of Megaspeed International, changed its registered address from an office building in Jurong East to Midview City in April.

SINGAPORE – A little-known Singapore company that owns Megaspeed International, the firm at the centre of US investigations into the possible diversion of advanced Nvidia chips to China, has a registered business address that an interior design firm says it has occupied for over four years.

Swiftdata, the parent company of Megaspeed – which saw a seemingly meteoric rise to become a massive buyer of Nvidia chips – did not appear to be occupying the unit at an integrated business hub when The Straits Times visited on Nov 11.

The company, incorporated in 2023, is the sole shareholder in Megaspeed, owning all of its 10 million shares, according to Accounting and Corporate Regulatory Authority (ACRA) records. It changed its address from Vision Exchange to Midview City in April.

The sole director of the company is Tan Yong Pong, who is also the sole director of Megaspeed, while Khloe Ng Wei Shi is listed as the corporate secretary for both firms.

ACRA records show that Ng is also the company secretary of the interior design firm and a holding company using the same Midview City address.

Swiftdata changed its registered address from an office building in Jurong East to Midview City in April.

No one answered when The Straits Times rang the doorbell of the unit, which had the greeting “hello” emblazoned at its entrance, alongside a shoe rack with four pairs of slippers.

Tenants in the building told ST the unit is occupied by an interior design firm.

Opening of the article, excerpted from The Straits Times Business. To read the rest, open the article on the publisher's site.