Director Michael Chai
MKTUPDTE
Fri, Apr 19 2024 04:56 pm
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.
Announcement PDF
Markets News
Primary Sector
Global dairy prices drop again as supply outpaces demand
It is the biggest fall this calendar year.
Markets
Forsyth Barr highlights 'hidden gem' at Ebos
Both businesses were part of its A$1.16b LifeHealthcare acquisition.
Retail
Retailers say unseasonable weather compounded woes
The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.
