Darco fields questions from minorities on disclosure and conflicts of interest

Singapore

DARCO Water Technologies, in a regulatory filing on Wednesday, addressed issues raised by minority shareholders amid concerns that the company has lost its direction following a surprise change in leadership.

This comes after The Business Times (BT) reported on Tuesday that shareholders who own a combined 15 per cent stake in Darco were pressing for a special audit of internal controls and a review of potential conflicts of interests at the board level.