Fu Yu’s largest shareholder Victor Lim reinstated as director of strategy, makes new bid for board membership
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Victor Lim, Fu Yu's largest shareholder, has been reinstated as director of strategy and has applied for board membership amid ongoing boardroom disputes. Lim replaces the fired CEO David Seow as the legal representative for Fu Yu's subsidiaries in China. Seow is seeking S$2 million for alleged wrongful termination. Lim was involved in a probe into Fu Yu's supply chain arm, which was closed without action. Fu Yu shares remained flat at S$0.098.
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