Yamada Green's plantation sales a 'neglect of fiduciary duties' by executive director

Singapore

THE sale of two bamboo plantations by S-Chip Yamada Green Resources that its board did not find out about until a year later was the result of a series of miscommunications, an investigation has found.

In August last year, the Yamada board was shocked to find that two subsidiaries - Sanming Shansheng Forestry Co and Nanping Lijiashan Forestry Co - had in Augus…