SGX RegCo queries MC Payment over boardroom tussle
Add BT as a preferred sourceSingapore
A BOARDROOM tussle at MC Payment has attracted the attention of Singapore Exchange Regulation (SGX RegCo). The latter has asked the Catalist-listed payment services provider why a controlling shareholder - Ching Chiat Kwong - is asking that another five directors be appointed to MC Payment's board.
The regulator asked the firm if it had understood the rationale for the proposal from Mr Ching "considering among others, the current scale of operations".
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder
