Foreland Fabrictech may have lost control of subsidiary: directors
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FORELAND Fabrictech Holdings may have lost control over its wholly owned unit, Fulian Knitting Co, in China, it warned on Wednesday.
Former executive chairman Tsoi Kin Chit - who resigned in August 2016, and was publicly reprimanded by the Singapore Exchange (SGX) in November 2016 - has been "increasingly reluctant" to cooperate in matters relating to Fulian which he is effectively controlling, Foreland said in a filing to SGX.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
