In an unprecedented move, SGX RegCo says it will then make an assessment of each of the former independent directors’ suitability for appointment as director or executive officer, based on their responses.
SINGAPORE (Mar 29): SGX RegCo has issued a notice of compliance to Camsing Healthcare, ordering the trading of its shares to remain suspended and the appointment of a special auditor to report on the state of affairs in the company.
In its notice issued on Friday night, SGX RegCo has also directed the company to give – by Apr 5 – detailed explanations from each of its three former independent directors as to why they considered it proper and appropriate to resign when audit matters have yet to be resolved.
