Lawsuits do not affect non-exec chairman's ability as director: KTL Global
Add BT as a preferred source
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.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
Single founders, billion-dollar valuations: AI is minting unicorn startups at birth
