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This is probably a good case study to follow up on whether SGX's reprimand has any bite as VB lonewolf asked in the Datapulse thread.
Datapulse post: https://www.valuebuddies.com/thread-1452...#pid161614
China Sunsine were questioned back in June2018 and robustly defended him. Now the ID is up for his first re-election and the company has continued their robust defence, lets see the follow up action from SGX Regco (if any).
We will probably be able to conclude the size of Tan Boon Gin's bite in time to come.
RESPONSE TO SGX REGCO'S QUERIES ON THE COMPANY'S ANNUAL REPORT 2020
When the Company was notified by Mr Koh Choon Kong ("Mr Koh") in or around the end of June 2018 about the reprimand by the SGX on 29 June 2018 (the details of which is set out in the announcement by the SGX on 29 June 2018 entitled "SGX RegCo reprimands Oriental Group Ltd, its former and present Directors and its former Group Financial Controller" ("SGX RegCo Announcement")), Mr Koh had explained to the Board in detail the circumstances which gave rise to the reprimand.
.........
The Company had noted that in the SGX RegCo Announcement, SGX-listed companies are advised to consult SGX RegCo before they appoint, among others, Mr Koh as a director or member of management. However, the Company is of the view that Mr Koh is already an existing director of the Company, and is not seeking to appoint him as a new director.
https://links.sgx.com/FileOpen/20210422%...eID=662158
Datapulse post: https://www.valuebuddies.com/thread-1452...#pid161614
China Sunsine were questioned back in June2018 and robustly defended him. Now the ID is up for his first re-election and the company has continued their robust defence, lets see the follow up action from SGX Regco (if any).
We will probably be able to conclude the size of Tan Boon Gin's bite in time to come.
RESPONSE TO SGX REGCO'S QUERIES ON THE COMPANY'S ANNUAL REPORT 2020
When the Company was notified by Mr Koh Choon Kong ("Mr Koh") in or around the end of June 2018 about the reprimand by the SGX on 29 June 2018 (the details of which is set out in the announcement by the SGX on 29 June 2018 entitled "SGX RegCo reprimands Oriental Group Ltd, its former and present Directors and its former Group Financial Controller" ("SGX RegCo Announcement")), Mr Koh had explained to the Board in detail the circumstances which gave rise to the reprimand.
.........
The Company had noted that in the SGX RegCo Announcement, SGX-listed companies are advised to consult SGX RegCo before they appoint, among others, Mr Koh as a director or member of management. However, the Company is of the view that Mr Koh is already an existing director of the Company, and is not seeking to appoint him as a new director.
https://links.sgx.com/FileOpen/20210422%...eID=662158
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.