SUBSCRIBERS
DLF founder explains to SGX why he turfed out entire board
Published Wed, May 15, 2019 · 09:50 PM
Singapore
THE founder of DLF Holdings dismissed all his directors at an annual meeting two ago weeks because he was dissatisfied with the performance of one executive director, he told the Singapore Exchange (SGX) on Wednesday.
Manfred Fan Chee Seng, who founded and owns 42 per cent of Catalist-listed engineering firm DLF Holdings, was asked by the SGX to explain how he came to be the last man standing on the board.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Aramco to pay US$31 billion dividend as Saudi posts budget deficit
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels
UBS reports first profit since taking over Credit Suisse
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
New Thai finance chief wants monetary, fiscal policies aligned