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

Lin Weibin resigned last week after a report showed that he had entrusted a third party with the sales, in what is seen as a series of miscommunications

Published Mon, Jan 28, 2019 · 09:50 PM

S-chips

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 August 2017 disposed of all their leases to moso bamboo plantations in China's Fujian province.

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