An announcement from Fu Yu Corporation Limited ( (SG:F13) ) is now available.
Fu Yu Corporation Limited is addressing a shareholder requisition to convene an Extraordinary General Meeting to discuss the removal and appointment of independent non-executive directors. Alongside this, the company is responding to an investigation into its subsidiary, Fu Yu Supply Chain Solutions, due to weaknesses identified in its risk management processes. The Singapore Exchange Regulation has requested that the company appoint independent professionals to assess the proposed directors and provide updates on the investigation. Fu Yu plans to collaborate with Rajah & Tann Singapore LLP and PricewaterhouseCoopers Risk Services to review the issues arising from an interim report.
More about Fu Yu Corporation Limited
Fu Yu Corporation Limited is a company incorporated in Singapore, focusing on supply chain solutions.
YTD Price Performance: -12.31%
Average Trading Volume: 274,581
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: S$92.2M
For a thorough assessment of F13 stock, go to TipRanks’ Stock Analysis page.