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Darco Water issues letter of demand against ex-CEO for alleged breaches of duty
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Published Thu, Aug 13, 2020 · 09:50 PM
Singapore
DARCO Water Technologies has alleged that its former chief executive officer (CEO) and director Thye Kim Meng had breached his duties to the company in relation to a water project and a solar project, causing losses and damages to the company.
The mainboard-listed firm, through its solicitors Solitaire LLP, issued a letter of demand dated Aug 12 against Mr Thye, alleging these breaches and quantifying the losses and damages at US$1.6 million.
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