ecoWise responds to CEO's allegations; says it 'regrets' the forum he used
Company says the board had adhered to its internal processes in relation to the termination of Zico Capital
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STRIFE-HIT ecoWise Holdings has responded to comments made recently by its chief executive officer (CEO) that alleged the company acted without his approval, as well as to those made by a group of shareholders convening an extraordinary general meeting (EGM) to vote on the removal of its deputy CEO.
In its response, which was sent to The Business Times (BT) and posted as a bourse announcement on Aug 6, the Catalist company's "majority directors" - executive director and deputy CEO Cao Shi Xuan and lead independent director (ID) Er Kwong Wah - said they "regret the forum in which (founder and CEO) Lee Thiam Seng has voiced such disagreements".
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