Two directors and a major shareholder of Ace Market-listed Equator Life Science sold large blocks of shares and ceased to be substantial shareholders of the company. At the same time, its MD also sold a bulk of his interests.
• Interestingly, the Johor-based company also announced that it had moved up north to now base its registered office in Penang.
• Equator also saw its independent non-executive director Chua Syer Cin resigning from the board and as chairman of the company’s audit committee. Chua’s position in the audit committee was filled by Tan Wooi Chuon, who once worked as group financial controller of a Nasdaq-listed firm. Tan, however, was not appointed to the board.
• The reason for the sale by the directors and major shareholder was not stated. But it is worth noting that the disposals were not force-selling by financial institutions. (Financial Daily)
No comments:
Post a Comment