3 former Camsing Healthcare IDs explain why they resigned

Singapore

THE three former independent directors of Camsing Healthcare on Friday night explained to the Singapore Exchange RegCo why they resigned when the company's audit matters had yet to be resolved.

In a 12-page filing, Lau Chin Hock Kenneth Raphael, Ong Wei Jin and Maurice Tan Huck Liang detailed, among other things, the company management's tardy approach relating to the discovery made by the auditors that certain China customers were unable to sell goods previously purchased from the company's subsidiary Nature's Farm and that they had entered into an agreement to consign the goods back to Nature's Farm.