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Revisions

$0.49 mil accrued to outgoing Innopac CEO for unused leave dating back 2008

Management & Corporate Governance

$0.49 mil accrued to outgoing Innopac CEO for unused leave dating back 2008

Samantha Chiew Published on Thu, Dec 27, 2018 / 11:20 AM GMT+8

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SINGAPORE (Dec 27): Innopac Holdings disclosed on Wednesday that $491,921 was accrued to CEO Wong Chin Yong for unused leave from 2008 till 2018.

This made up 96.4% of the $510,000 recorded in Innopac's 1Q19 ended Sept financial statements under “accrued unutilised leave”.

In a Nov 23 query, Singapore Exchange had asked Innopac to reveal the breakdown of the group's “trade and other payables” for 1Q19 which amounted to $15.2 million.

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