This came on the back of the group's net profit after tax not being "up to expectations in the past three years" - falling from $2.6 million in FY2017 to a mere $21,000 in FY2019.
SINGAPORE (May 4): Waste management and metals trading firm Sen Yue Holdings has asked for a trading suspension, citing a need to resolve the receipt of a letter of demand served on a subsidiary, and internal disagreements over the treatment of account receivables of the same subsidiary.
The suspension took place amid a board rift. Executive chairman Koh Mia Seng had on April 20 indicated his intention to call for an EGM, citing dissatisfaction at the company’s recent performance. With the exception of a newly-appointed independent director, Lau Yan Wai, Koh wants to get rid of five other directors, including CEO and executive director Neo Gim Kiong.
