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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.