BGI - Director Michael Chai

It has just come to our attention that one of the Company’s directors, Michael Chai, was arrested in January 2024, and has been incarcerated in the Philippines on matters unrelated to Blackwell Global Holdings Limited.

We are seeking clarification of the exact details of the charges.

The independent directors Sean Joyce and Craig Alexander are extremely disappointed to learn of this development at such late notice.

The independent directors have today, through an intermediary, sought the resignation of Mr Chai as a director of the Company.

The independent directors are taking legal advice on this matter, and are looking at the implications of this development on the Company.

We will update the market during the course of next week.

•  Director Michael Chai

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

EXPRESSION OF INTEREST IN THE SUPPLY OF MEREENIE GAS
IPL - FY24 Annual Results
CEN - Contact to revisit Wairākei development options
May 17th Morning Report
PaySauce to announce full year results on 22 May 2024
BGP - Results of Briscoe Group Limited Annual Shareholder Meeting
Judith Swales to leave Fonterra
Fonterra announces step-change in strategic direction
USX Trading Results 15th May
Devon Funds Morning Note - 15 May 2024