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Yap belatedly resigns from Hanwell and Tat Seng boards following bankruptcy ruling in HK

The Edge Singapore
The Edge Singapore9/24/2020 11:22 PM GMT+08  • 2 min read
Yap belatedly resigns from Hanwell and Tat Seng boards following bankruptcy ruling in HK
Yap has apologised for his oversight
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Allan Yap, executive chairman of Hanwell Holdings and Tat Seng Packaging Group, has resigned from both SGX-listed companies with effect from Sept 23, following a belated declaration that he has been made a bankrupt in Hong Kong.

Yap, who was also chairman of Master Glory Group, “vacated” from this Hong Kong listed company’s board on Aug 3 - the day he was ruled a bankrupt.

The resignation was announced in Hong Kong on Aug 24, but not in Singapore, where under similar laws, bankrupted individuals are among those not to hold directorships.

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