One Championship cites IPO plans after Temasek-linked directors resign
Some observers remain lukewarm about company's revenue prospects and foray into reality television
Add BT as a preferred source
Singapore
THE resignation of two Temasek-linked directors from the board of One Championship comes amid the company's plans for a listing, its president Teh Hua Fung said on Monday evening, in response to media reports about the departures.
Earlier on Monday, The Business Times reported that Derek Lau, chief executive of Temasek unit Heliconia Capital Management and Fock Wai Hoong, a managing director at Temasek, recently resigned from the board of the Mixed Martial Arts (MMA) outfit, according to regulatory filings. The development was earlier reported by DealStreetAsia.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Is it time to scrap COE categories for cars?
