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Tat Seng Packaging Faces Legal Challenges in China Subsidiary

Story Highlights
  • Tat Seng Packaging’s China subsidiary faces legal issues involving its General Manager.
  • Ms. Chen Li appointed Acting General Manager to maintain operations amid legal proceedings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tat Seng Packaging Faces Legal Challenges in China Subsidiary

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Tat Seng Packaging Group Ltd ( (SG:T12) ) has provided an announcement.

Tat Seng Packaging Group Ltd has announced that a criminal suit has been initiated against Mr. Sun Jianyi, the General Manager of its China subsidiary, Hefei Dansun Packaging Co. Ltd, due to issues related to steam energy consumption meter readings. In response, the company has appointed Ms. Chen Li as Acting General Manager to ensure smooth operations, while the Board monitors the legal proceedings and advises shareholders to exercise caution.

More about Tat Seng Packaging Group Ltd

Tat Seng Packaging Group Ltd is a company incorporated in Singapore, operating in the packaging industry, with a focus on providing packaging solutions and products.

Average Trading Volume: 19,603

Technical Sentiment Signal: Buy

Current Market Cap: S$128.9M

Find detailed analytics on T12 stock on TipRanks’ Stock Analysis page.

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