fu yu corp
Fu Yu’s largest shareholder Victor Lim reinstated as director of strategy, makes new bid for board membership
Reinstatement is in view of his ‘ability to contribute to the group’, says company without further elaboration
Fu Yu receives letters of demand from fired CEO seeking S$2 million over salary and alleged defamation
The sum claimed by David Seow includes over S$1.8 million in salary and S$200,000 in damages
Fu Yu terminates group CEO David Seow for ‘gross default and misconduct’
An interim committee has been set up to oversee all operational matters pending successor search
Fu Yu closes investigations into supply chain unit, sees ‘no merit’ in taking action against those involved
The subsidiary made unverifiable arrangements for a US$3 million payment
Fu Yu provides updates on probe into its supply chain arm
Investigations clarify that the unit’s US$3 million payment to a third party was made for trades that were conducted on its behalf
Fu Yu appoints four new independent, non-executive directors at AGM
Gilbert Rodrigues, Ralf Pilarczyk, Yang Zhenrong and Haytham Al Essa have been appointed to the company’s board
Four candidates assessed for Fu Yu’s board, with no findings against suitability
The company also says that its day-to-day operations are unaffected by the recent resignation of all its independent directors
Amid ongoing investigations into its supply chain unit, how did Fu Yu’s board end up with only one director?
Personnel exits leave the board with no independent directors; CEO David Seow remains as sole director
Fu Yu’s independent directors resign, leaving the CEO as the only director
[SINGAPORE] All of Fu Yu Corporation’s independent directors have resigned, indicated bourse announcements on Sunday (Jun 15).
Fu Yu seeks claims against six individuals including Victor Lim in relation to probe into subsidiary
Its largest shareholder, who attempted to oust directors and made a failed directorship bid himself, is among the six
