Blumont gets more time to find new director

Problem finding a replacement after resignation of ID Ng Su Ling

Published Fri, Apr 4, 2014 · 10:00 PM

Singapore

BELEAGUERED Blumont Group has been given more time to find someone to replace previous independent director (ID) Ng Su Ling.

The firm was required to find a replacement within three months of Ms Ng's resignation, or Feb 17.

Singapore Exchange has extended this up to April 17.

Ms Ng had resigned from Blumont with immediate effect on Nov 18, to focus on the lawsuit she was filing against Goldman Sachs International and Goldman Sachs Singapore in the UK.

She remains an independent director at LionGold, which, together with Blumont, Asiasons and others, is part of an intricate web of complex cross shareholdings and common directors. Some of the companies have been in the news over a trading probe by t…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes