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Addvalue Technologies Announces Director Resignations Amid Shareholder Pressure

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Addvalue Technologies Announces Director Resignations Amid Shareholder Pressure

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Addvalue Technologies Ltd ( (SG:A31) ) has provided an announcement.

Addvalue Technologies Ltd has announced the resignation of two directors, Mr. Chua Chwee Koh and Ms. Goh Liang Choo, following a request from a group of shareholders holding over 11% of the company’s shares. Despite the board’s confidence in the directors, they decided to step down voluntarily to allow for new appointments, ensuring compliance with corporate governance codes and listing rules. This move comes after the shareholders declined to discuss their concerns with the company’s leadership.

More about Addvalue Technologies Ltd

Average Trading Volume: 13,833,203

Technical Sentiment Signal: Buy

Current Market Cap: S$91.92M

See more data about A31 stock on TipRanks’ Stock Analysis page.

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