Leadership departures compound Asia Fashion's many ills

The exodus among management staff aside, the S-chip company is facing funding shortfalls, and its trading has been suspended since August

Tay Peck Gek

Published Mon, Dec 3, 2018 · 09:50 PM

Corporate governance

Singapore

ASIA Fashion Holdings may now find it even harder to cure its ills after yet another key executive abandoned the health food products distributor.

The latest departure happened on Nov 14, when 31-year-old chief executive Airy Wang Jieyao stepped down for "personal reasons", less than eight months into the job, according to a filing to the Singapore Exchange (SGX).

Han Yue Gao, the company's executive director, has taken on Ms Wang's duties as the company looks for a replacement.

Her exit brings to six the number of directors or key executives (including chief operating officer and chief financial officer) who have left the firm this year.

Earlier in November, two independent and non-executive directors quit th…

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