Foreland takes legal action against its former executive chairman
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Angela Tan
Singapore
FORELAND Fabrictech Holdings said on Tuesday that it is in the process of engaging legal advisers to take further action against its former executive chairman, Tsoi Kin Chit, over possible breaches.
The China textile company said that the breaches were related to securities laws and other possible offences arising from the recent public reprimand of the company and Mr Tsoi by the Singapore Exchange (SGX).
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