Lawsuits do not affect non-exec chairman's ability as director: KTL Global

Singapore

DESPITE being involved with 18 civil suits in China, there is no reason to conclude that KTL Global's non-executive chairman Wu Yongqiang is unable to fulfil listing requirements relating to the character and integrity of directors and management of an issuer.

The fresh vegetables and fruits distributor said in a bourse filing on Tuesday (Mar 22) that 12 of Wu's civil suits are commercial in nature, as confirmed by lawyers in China.

"There is no basis and/or reason to assume that there was any fraud, dishonesty, misrepresentation, …

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