New investor shakes up Ipco board, but shareholders still fret over direction of firm

Singapore

A SHAKE-UP has been set in motion at Ipco International, with long-time executive director Carlson Smith ousted during an extraordinary general meeting (EGM) on Jan 19 requisitioned by Ipco's new investor James Blythman.

Mr Blythman, an Australian who has worked in China, became a 14.24 per cent shareholder in September 2017 after putting S$1.58 million into Ipco through a placement at S$0.0018 per share.