UnUsUal sponsor backs board view new independent director can handle multiple appointments

Reuters2026/08/07 10:50

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UnUsUal responded to SGX queries on its Aug. 3 board changes, defending the appointment of independent director Chong as able to meet duties.
Board cited Chong’s legal background, prior involvement in the group’s 2017 IPO, support at his law practices, staggered reporting calendars.
It noted he holds five non-listed commitments, eight other listed-company board roles, plans to retire from one chair role, step down from another.
Sponsor Hong Leong Finance concurred, citing near 100% board attendance, no adverse integrity findings, limited overlap in March year-end reporting.
Chong joined the board and all newly constituted committees on Aug. 3, amid work with a new auditor and efforts to address issues behind FY2026 audit disclaimer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UnUsUal Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 6XRTT557Y6NU9YFC) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UnUsUal sponsor backs board view new independent director can handle multiple appointments

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