The Straits Times
MC Payment refutes claims in controlling shareholder s 3rd statement
MC Payment s nominating committee said it strenuously disagrees that it was in a position of conflict.PHOTO: MC PAYMENT
Uma Devi
https://str.sg/3oTy
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Yes 28/04/2021 Detailed Reason (s) for cessation Mr Mahtani Bhagwandas is retiring pursuant to Regulation 90 of the Company s Constitution. He is not seeking re-election and will retire as an Independent Director on 28 April 2021 at the conclusion of the Annual General Meeting due to his current personal commitments which includes his directorships in other companies. After having interviewed Mr Mahtani Bhagwandas and to the best of its knowledge, the Company s Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the cessation of Mr Mahtani Bhagwandas as the Independent Director of the Company.