One Championship cites IPO plans after Temasek-linked directors resign

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.