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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

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Mr Thye cited "fundamental disagreement with major shareholders on the objectives and strategic direction of the group" as the reason for his departure as CEO.

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...