SGX RegCo places ecoWise former director on watchlist due to non-compliance

2 weeks ago 55

Staff Reporter

, Singapore

Photo from Arul Kumaran on Unsplash

Those who intend for a proposed appointment must first seek SGX RegCo’s views and guidance.

Cao Shixuan, former director of ecoWise Holdings Limited, has been placed on the Singapore Exchange Regulation’s (SGX RegCo) directors’ and executive officers’ watchlist.

The decision was based on the findings of Ernst & Young Advisory Pte Ltd (EY) and Cao’s lack of cooperation with the auditing firm.

EY’s findings identified Cao as the legal representative and executive director of the unconsolidated PRC subsidiaries, and was to oversee the company’s operations in the PRC.

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