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CFM Holdings Limited ( (SG:5EB) ) has issued an update.
CFM Holdings Limited’s board has issued a response to the resignation of Mr. Chia Seng Hee, who cited disagreements with the executive directors as his reason for stepping down. The board highlighted that Mr. Chia’s resignation came just days before an extraordinary general meeting that was set to consider his removal, which was initiated by the company’s executive directors and controlling shareholders. The resignation is tied to unresolved issues within the Nominating Committee, which failed to agree on appointing new independent directors, thereby impacting compliance with governance codes and regulations.
More about CFM Holdings Limited
YTD Price Performance: 2.86%
Average Trading Volume: 33,648
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$14.51M
For a thorough assessment of 5EB stock, go to TipRanks’ Stock Analysis page.