Ex-CEO Shao announced his resignation from the company after a whistle-blower report against him was made by the company’s audit committee (AC) on July 21.Aoxin cited “differences in views and opinions” with its parent, mainboard-listed Q&M Dental Group, regarding the strategic direction of the dental business as the reason for Shao’s resignation.
The board of directors of Aoxin Q&M Dental Group says minimal impact is expected on the operations and financials of the company as a result of the resignation of its executive director and chief executive Shao Yongxin.
The Catalist-listed company, which is a Chinese spin-off from mainboard listed Q&M Dental, filed responses to SGX’s queries in relation to the resignation on July 22.
