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Foreland Fabrictech may have lost control of subsidiary: directors
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Nisha Ramchandani
Published Wed, May 9, 2018 · 09:50 PM
Singapore
FORELAND Fabrictech Holdings may have lost control over its wholly owned unit, Fulian Knitting Co, in China, it warned on Wednesday.
Former executive chairman Tsoi Kin Chit - who resigned in August 2016, and was publicly reprimanded by the Singapore Exchange (SGX) in November 2016 - has been "increasingly reluctant" to cooperate in matters relating to Fulian which he is effectively controlling, Foreland said in a filing to SGX.
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