16 July 2020
Foo Soon Yien and Jennifer Ang
The far-reaching regulatory powers of Singapore Exchange Regulation (“SGXRegCo”) were recently demonstrated again in the case of Sen Yue Holdings (“Company”), who was issued a Notice of Compliance (“Compliance Notice”) on 18 June 2020.
The Compliance Notice was issued after the Company’s Chairman, Executive Director and controlling shareholder (“Requisitionist”) sent a requisition notice to the Company’s Board of Directors to remove the entire Board (save for one Independent Non-Executive Director) and appoint two new Independent Non-Executive Directors.
Post date. Edit this to change the date post was posted. Does not show up on published site. 16/7/2020
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