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Darco shareholders concerned about recent management changes: Sias

It hopes to bring the board and shareholders together to discuss the issues and arrive at an amicable resolution, and is suggesting to meet the board to understand its position

Published Fri, Jun 21, 2019 · 09:50 PM
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Singapore

THE Securities Investors Association (Singapore) or Sias has asked to meet with the board of Darco Water Technologies to relay concerns expressed by shareholders about the company's direction and recent management changes, The Business Times (BT) has learnt.

Among the matters being pursued is the exit of former chairman and chief executive Thye Kim Meng and the appointment of the new CEO, Poh Kok Hong.

In a copy of the letter seen by BT, Sias president and founder David Gerald said the investor watchdog h…

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