Innopac's independent director resigns over JV differences

Singapore

AN independent director of Innopac Holdings has resigned due to disagreements about certain claims for financial compensation after the termination of a joint venture last year.

Yang Kiin tendered his resignation on Feb 1 citing differences with management and unfounded allegations of his misconduct by the board.

In response to a Singapore Exchange (SGX) query over the announcement, which did not state the effective date of his resignation, Mr Yang said th…