Darco minorities renew protests against deputy chairman
This is in response to his comments of them curbing the company's growth
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Singapore
DARCO Water Technologies' minority shareholders have fired back at non-executive deputy chairman and controlling shareholder Wang Zhi, following his comments, made in an interview in The Business Times, that the minorities were hampering the company's growth.
In a letter to the Singapore Exchange Regulation (SGX RegCo) from Choi Chee Sun, investment manager of Sofos Infrastructure Investment Fund, and Alexander Robert Stone, the shareholders said Mr Wang had brought the "mistrust" and "resentment" towards him upon himself.
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