PINE Capital's independent directors Chong Chee Hoong and Roy Ling have resigned, effective March 18, the Catalist-listed investment firm said in a bourse filing on Tuesday just before the market opened. Read more at The Business Times.
PINE Capital's independent directors Chong Chee Hoong and Roy Ling have resigned, effective March 18, the Catalist-listed investment firm said in a bourse filing on Tuesday just before the market opened.
Mr Chong was the acting independent non-executive chairman and the independent director of the company, while Mr Ling was the lead independent director. Both Mr Chong and Mr Ling had quit as they were unable to obtain sufficient information in a timely manner to discharge fiduciary responsibilities. They were also not able to make an assessment on the state of affairs in the group, the filing said.
The move follows the resignation of interim CEO and executive chairman Tan Choon Wee, effective March 1, 2019. Mr Tan had quit in view of a requisition letter by shareholders Jessie Sun, Pine Partners Pte Ltd and JMO Pte Ltd, to convene an extraordinary general meeting to remove him, Mr Chong and Mr Ling as directors of Pine Capital.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US patent court rejects Alvogen's challenge for Celgene's RevlimidREUTERS: A U.S. administrative court on Thursday rejected a filing by Alvogen Pine Brook Llc for a review challenging patents on Celgene Corp's ...
Read more »
Papa John's adds two independent directors to boardPapa John's International Inc said on Thursday it has appointed two independent directors to its board, more than a week after founder John ...
Read more »
Two teenagers and widow of Malaysian venture capital firm Cradle Fund CEO plead not guilty to his murderSHAH ALAM - The widow of Cradle Fund CEO Nazrin Hassan and two teenage boys pleaded not guilty in the High Court on Tuesday (March 12) to the murder of the man last June, Bernama news agency reported.. Read more at straitstimes.com.
Read more »
Mobike applies to LTA to exit from Singapore market
Read more »
Nissan's Infiniti to exit western Europe early next yearNissan Motor Co's premium brand Infiniti said on Friday it will exit western Europe early next year, as it restructures its global operations and ...
Read more »
Commentary: With Mobike’s impending exit, is it time to give public bike-sharing a shot?Another bike operator is set to bite the dust here. After a roller-coaster journey, is Singapore’s private bike-sharing sector coming to a ...
Read more »
Expert on Mobike exit: Business model of bike-sharing 'a joke'Reality has caught up with the bicycle-sharing industry, experts told The New Paper yesterday, after Mobike became the third major operator here to call it quits. The Chinese company, acquired last year by Meituan Dianpingfor US$2.7 billion (S$3.7 billion), applied to the...
Read more »
Mobike exploring options ahead of planned Singapore exitMobike is withdrawing from the Singapore market, the third major bicycle-sharing operator to hit the skids here after oBike and ofo.. Read more at straitstimes.com.
Read more »
StanChart suffers senior private banker exits in Asia as unit earnings sag: sources[HONG KONG] Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business. Read more at The Business Times.
Read more »