Corporate digest

Advancer Global

CATALIST-LISTED Advancer Global has pointed to miscommunication as the reason for its failure to disclose that its recently-appointed chairman is also a director at taxi firm Trans-Cab Holdings.

The firm was responding to an SGX query about why it did not disclose in its Dec 30 filing that Lim Teck Chai, Danny, who was appointed independent chairman, is also an independent director at Trans-Cab, which is gunning for a Catalist listing. His directorship was only later revealed in a Jan 23 filing, SGX had noted in its query.