SHAREHOLDERS of Chemical Industries (Far East) (CI) have raised concerns over issues including a spate of senior management resignations, and money spent on alleged “post-retirement perks” awarded to co-founder and emeritus chairman Lim Soo Peng.
The group of its minority shareholders, who claim to own at least 10 per cent of the shares of the mainboard-listed company, also took issue with the nomination of non-management independent director Lim Yew Nghee as deputy chairman.
Lim Yew Nghee, also known as Eugene Lim, is the son of Lim Soo Peng.
The Business Times understands that the group of shareholders includes Malaysian chemical manufacturing company Batu Kawan, which holds a 6.55 per…
