SINGAPORE (Apr 8): By resigning en masse on Mar 20, it was the intention of the three former Camsing Healthcare independent directors (IDs) to force management to address critically important audit concerns, despite outstanding audit matters.
This was the explanation given by former IDs Lau Chin Hock Kenneth Raphael, Ong Wei Jin and Maurice Tan Huck Liang after Singapore Exchange Regulation (SGX RegCo) on March 29 issued the company a notice of compliance, asking the trio – who made up the company’s previous audit committee – to explain why they have decided to resign in force even though company’s latest audit has not been completed.
