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Newly-configured board of Fu Yu Corp fires CEO Seow for 'gross default and misconduct'

The Edge Singapore
The Edge Singapore  • 3 min read
Newly-configured board of Fu Yu Corp fires CEO Seow for 'gross default and misconduct'
'As there are on-going investigations, the company is not at liberty to disclose further details at this juncture, but will do so at the appropriate time.'
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David Seow, CEO and executive director of Fu Yu Corporation, has been fired by the board, which is made up of four other independent directors appointed just over four months ago.

In a Singapore Exchange (SGX) filing on Nov 1, Fu Yu says Seow, who joined the company in 2021, was terminated on Oct 31 for "gross default and misconduct".

Besides Seow, who joined the board in 2021 as an executive director, all four IDs joined the board on June 27, the day the company held its AGM.

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