Foreland Fabrictech's independent directors resign
Singapore
FORELAND Fabrictech Holdings lost its independent directors overnight, leaving the embattled textilemaker with just executive chairman Yang Meng Yang on the board.
Seah Chee Wei, Wu Geng and Lim Aik Bin resigned on Thursday, the company disclosed the next day. All three said in filings that they were quitting "to pursue other interests". Mr Seah and Mr Wu joined the board in late 2014, while Mr Lim was appointed in November 2017.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
A timeline of DBS’ recent banking glitches
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%
China’s CICC demotes senior bankers, cuts pay to slash costs
Paramount bidders await word from special committee evaluating options