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Chairman's arrest a mystery to Camsing Healthcare's board

It says normal business operations and functions of board remain stable, and are not affected by Lo Ching's arrest

Published Tue, Jul 9, 2019 · 09:50 PM

Singapore

CAMSING Healthcare's board does not know the reasons or incidents that led to the arrest of its chairman and executive director Lo Ching, it said in a Singapore Exchange (SGX) filing on Tuesday.

Hong Kong-listed Camsing International Holding, which Ms Lo also chairs, announced her arrest last Friday. Following the announcement that she was being held in criminal custody in China, Camsing International's shares plunged by a staggering 90 per cent on Monday. The shares slumped a further 27 per cent on Tuesday.

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