Former director of ecoWise Holdings placed on SGX RegCo watchlist

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Cao Shixuan,Ecowise Holdings,SGX Regco

Cao Shixuan, former director of ecoWise Holdings Limited, has been placed on the Singapore Exchange Regulation’s (SGX RegCo) directors’ and executive officers’ watchlist due to lack of cooperation with auditing firm Ernst & Young Advisory Pte Ltd (EY). SGX RegCo has also required ecoWise to provide a satisfactory trading resumption proposal.

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

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.Transactions handled by Cao were unable to show clarity due to a lack of comprehensive records, whilst the former director failed to attend interviews arranged by EY.

 

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