Hatten Land’s sponsor, UOB Kay Hian, says it is “not aware of” any other reasons behind Chong’s departure.
SEE:Hatten Land receives market regulator’s query after 54.8% hike
Chong has also confirmed that there are “no concerns with regards to financial reporting” that led to his resignation. There are no disagreements between Chong and the company’s board of directors, according to the filing on SGX on March 9.
Chong will also be stepping down as directors of The Medici-Watermark and ECXX Global, the company’s indirect subsidiary and associated company, respectively.
Shares in Hatten Land closed 0.5 cent lower or 16.1% down at 2.6 cents on March 9.
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