SHS Holdings (SGX:566) group chief financial officer, Lou Siew Thong, will step down July 24, according to a Thursday filing with the Singapore Exchange.
The resignation is borne out of differences in opinion between the outgoing CFO and the board over the assessment of impairment of certain receivables, which may have a material impact on the company's financial statements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments