UnUsUal sponsor backs board view new independent director can handle multiple appointments
Reuters2026/08/07 10:50- 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.
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