Blumont gets more time to find new director

Problem finding a replacement after resignation of ID Ng Su Ling


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,...

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