The Business Times
business-time-50

Shanghai Turbo unit awarded compensation in suit against ex-director

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jan 1, 2020 · 09:50 PM

Singapore

SHANGHAI Turbo is finally seeing light at the end of the tunnel in its convoluted legal tussle against Liu Ming, its former group CEO and executive director, and other defendants in China.

Its subsidiary, Changzhou 3D Technological Complete Set Equipment, has been awarded 504,300 yuan (S$97,920) in compensation in a legal suit taken out against Mr Liu and six ex-employees, according to Singapore Exchange filings.

TRENDING NOW

Workers in Singapore are finding their roles reshaped by AI, with some tasks increasingly automated and some positions disappearing altogether.

Is AI stealing your job?

Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

Canada’s fight with the US has far bigger stakes than trade

DBS says that it will “vigorously resist the claim”.

DBS ‘categorically rejects’ S$1.3 billion claim by 1MDB-linked entities under liquidation

For many next-generation entrepreneurs, legacy is no longer a destination but a launch pad; Singapore sits at the centre of this transformation.

How Asia’s next generation is rewriting legacy through entrepreneurship

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More