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Fu Yu Corporation Seeks Regulatory Approval for Board Signature Change

Story Highlights
  • Fu Yu Corporation’s board now consists solely of Mr. Seow after director resignations.
  • Company applies for regulatory approval for Mr. Seow to sign financial statement alone.
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Fu Yu Corporation Seeks Regulatory Approval for Board Signature Change

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The latest update is out from Fu Yu Corporation Limited ( (SG:F13) ).

Fu Yu Corporation Limited, a company incorporated in Singapore, has announced that following the resignation of its three non-executive independent directors, only Mr. Seow Jun Hao David, the Executive Director and Group CEO, remains on the board. Consequently, the company has applied to the Accounting and Corporate Regulatory Authority for an order to allow Mr. Seow to sign the financial statement alone, as required by the Companies Act, ahead of their AGM scheduled for 27 June 2025. The company assures shareholders that business operations will continue as usual and updates on the application will be provided in due course.

More about Fu Yu Corporation Limited

Average Trading Volume: 370,332

Technical Sentiment Signal: Sell

Current Market Cap: S$68.58M

For a thorough assessment of F13 stock, go to TipRanks’ Stock Analysis page.

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