Fu Yu Corporation Limited ( (SG:F13) ) has issued an update.
Fu Yu Corporation Limited has received a second requisition from Mr. Victor Lim to convene an extraordinary general meeting (EGM) to propose the removal of two independent non-executive directors and the appointment of three others. The company has reported a significant financial turnaround with an operating profit of S$0.8 million for the nine months ending September 2024, compared to a loss in the previous year. Additionally, investigations into its subsidiary, Fu Yu Supply Chain Solutions Pte Ltd, revealed questionable financial transactions and unauthorized email usage, prompting further review.
More about Fu Yu Corporation Limited
YTD Price Performance: -3.85%
Average Trading Volume: 222,158
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: S$95.25M
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