The company responded to an SGX query on Thursday on Teo’s suitability to remain as the company’s lead independent director.
“Since his appointment on 12 December 2013, Mr Teo has conducted himself professionally as a Director and has consistently acted in an independent manner in the Board,” they said through an SGX filing.
Hyflux and its directors faced a joint probe by the Commercial Affairs Department (CAD), the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) last Tuesday (June 2).
Wilton Resources' shares closed 0.1 cent higher, or 3.2% up, at 3.2 cents.
