Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Fu Yu Corporation Limited ( (SG:F13) ) has issued an update.
Fu Yu Corporation Limited announced it will not convene an Extraordinary General Meeting (EGM) as requested by Mr. Victor Lim, due to legal advice indicating the request does not meet the necessary requirements of the Companies Act. The Board has considered stakeholder interests and deemed it unnecessary to convene the EGM, while also reaching out to Mr. Lim for further dialogue. Additionally, an internal audit revealed significant risk management weaknesses in its subsidiary, Fu Yu Supply Chain Solutions Pte Ltd (FYSCS), prompting an ongoing investigation by Damodara Ong LLC.
More about Fu Yu Corporation Limited
Fu Yu Corporation Limited is a company incorporated in the Republic of Singapore, involved in the manufacturing industry, with a focus on providing supply chain solutions.
YTD Price Performance: -3.08%
Average Trading Volume: 217,067
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$96.01M
Find detailed analytics on F13 stock on TipRanks’ Stock Analysis page.
