Darco fields questions from minorities on disclosure and conflicts of interest
Add BT as a preferred sourceClaudia Tan HS
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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.
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