Corporate digest
Add BT as a preferred sourceDarco Water Technologies
THE decision to issue a letter of demand against its former chief executive officer was one reached by the board collectively, Darco Water Technologies clarified in a filing to the Singapore Exchange.
It highlighted that the claim against Thye Kim Meng was the result of a "comprehensive internal review of past transactions" entered into by the group. After the review, each board member, in consultation with the company's legal counsel, deliberated on the course of action. "The decision to issue the Letter of Demand against Mr Thye was reached by the board collectively."
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