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Sunright's test of new ID rule vexes minorities

Minority shareholders voted against reappointing long-serving Francis Lee as independent director, but firm insists on keeping him by redesignating his role

SUNRIGHT, a mainboard-listed semiconductor firm with a market value of some S$47 million, remarkably failed to read the ground at its annual general meeting (AGM) on Monday.

Francis Lee, one of two long-serving independent directors (IDs), did not pass the two-tier vote for his continued...

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