Corporate digest

Sen Yue Holdings

THE waste-management group's executive chairman may have breached his fiduciary duties as a director through the "wilful non-disclosure" of his relationships with seven customers of the company, a final independent review has suggested.This led to Sen Yue breaching Catalist rules, the review said. It noted that executive chairman Koh Mia Seng likely indirectly controlled seven customers with whom Sen Yue's subsidiary had business transactions. The report also suggested that by causing Sen Yue to extend large credit limits to the seven customers, Mr Koh caused the company to be exposed to potential large losses.

Tiong Seng Holdings

THE construction group and property developer announced on Wednesday that its FY2020 results are expected to be in a loss position, widening the amount reported for the half-year ended June 2020. This comes as business performance was adversely impacted by the pandemic.