Fu Yu Terminates Group CEO Over Misconduct; Shares Up Nearly 4%

MT Newswires

11/03

Fu Yu (SGX:F13) has terminated the contract of its group chief executive officer and executive director, Seow Jun Hao David, effective Oct. 31, citing "gross default and misconduct," according to a Saturday filing with the Singapore Exchange.

Shares of the company were up nearly 4% in Monday trading.

The company said it is unaware if Seow will take any actions to "dispute his termination."

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