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Nanyang New Development Bolsters Board and Governance with New Appointments

Story Highlights
  • Nanyang New Development appointed Mr. Fu Shaohai as an Independent Director and key board committee member.
  • CFO Seow Han Khye was also named Joint Company Secretary, reinforcing the firm’s governance framework.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nanyang New Development Bolsters Board and Governance with New Appointments

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The latest announcement is out from Matex International Limited ( (SG:M15) ).

Nanyang New Development Limited has strengthened its board and governance structure with the appointment of Mr. Fu Shaohai as an Independent Director effective 5 February 2026, who will also chair the Remuneration Committee and serve on the Audit and Nominating Committees. Concurrently, Chief Financial Officer Mr. Seow Han Khye has been named Joint Company Secretary alongside Ms. Shirley Tan Sey Liy, a move that consolidates financial oversight and corporate secretarial functions and signals a tightening of governance and compliance frameworks likely aimed at supporting the company’s future strategic and regulatory demands.

The most recent analyst rating on (SG:M15) stock is a Sell with a S$0.02 price target. To see the full list of analyst forecasts on Matex International Limited stock, see the SG:M15 Stock Forecast page.

More about Matex International Limited

Nanyang New Development Limited, formerly known as Matex International Limited, is a Singapore-incorporated company listed on the Catalist board of the Singapore Exchange. The company operates under a board-led governance structure with independent and executive directors, supported by established Audit, Nominating and Remuneration Committees as well as joint company secretaries overseeing compliance and corporate administration.

Technical Sentiment Signal: Sell

Current Market Cap: S$11.35M

Find detailed analytics on M15 stock on TipRanks’ Stock Analysis page.

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