Corporate digest

Singapore O&G

SINGAPORE O&G said on Tuesday that its former lead independent director, Christopher Chong Meng Tak, has agreed to pay the company S$1.25 million to settle a dispute. On Dec 27 last year, Mr Chong resigned abruptly from the board of the women's and children's healthcare group as a result of this dispute. Details of the dispute were not given, except that it concerned the company's claim for S$1.5 million from Mr Chong in relation to a company transaction in which Mr Chong was involved. He has since agreed to a full and final settlement on the dispute, without any admission of liability.

CWG International