Corporate digest

SBI Offshore

A PROGRESS update submitted to SBI Offshore's special investigation committee by appointed legal advisers, UniLegal LLC, recommended that SBI's board commence proceedings against Hui Choon Ho and Tan Woo Thian for breach of directors' duties.

The update also stated that SBI Offshore has good cause to take legal proceedings against Lau Yoke Min based on findings relating to his conduct as a service provider and suitability as director.