H2G Green Limited (SG:5AI) has released an update.
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H2G Green Limited has announced that following the bankruptcy application by former employee Wei Hua against CEO Mr. Lim Shao-Lin, the court has directed Mr. Lim to propose a repayment plan by October 3, 2024, with a subsequent hearing set for November 7, 2024. The company’s Board and Nominating Committee are closely monitoring the situation to assess Mr. Lim’s suitability as Director and CEO, and will keep shareholders informed of any significant developments. Shareholders and potential investors are cautioned to seek professional advice before trading in the company’s shares.
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