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Fu Yu
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Cash Rich Lucky Stock - Fu YU
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TraderBen
Supreme |
11-May-2026 13:24
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150 today?
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SmallSmall
Supreme |
11-May-2026 13:12
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This one suddenly surged on high volume. $0.126 +$0.012 Vol 12.4 mil. |
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pool100
Veteran |
08-May-2026 15:54
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Fuyu has been storing a lot of power. Watch for a break up! | ||
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TraderBen
Supreme |
08-May-2026 15:35
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Fu yu managment change dont know got chance to be like ASTI.. new CEO | ||
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TraderBen
Supreme |
04-May-2026 15:36
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ya in ur dreams maybe.. haha
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sgmanhougang
Member |
04-May-2026 14:36
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By this friday can it hit 0.135 | ||
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Tracer63
Elite |
29-Apr-2026 15:35
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Accumulate Fuyu, 111 | ||
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RODSTEWARD
Member |
27-Apr-2026 16:51
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Looks like new team in questions n market not convince n last week action useless going back to zzzzzzz | ||
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TraderBen
Supreme |
27-Apr-2026 15:46
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got it at 110.. | ||
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TraderBen
Supreme |
27-Apr-2026 15:25
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NAV 16.5 cents CASH 58m.. market cap 85m.. if this company can flip like salted fish.. it will be a great buy DYODD |
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Stocky901
Supreme |
27-Apr-2026 12:35
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Those bought below 0.100 should have taken profits & run away already... This counter is hopeless 😔 😔 | ||
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TraderBen
Supreme |
27-Apr-2026 09:30
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que at 110 | ||
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TraderBen
Supreme |
27-Apr-2026 09:15
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today and tmr profit taking for those bought early last week
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RODSTEWARD
Member |
26-Apr-2026 13:42
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I wish Victor n his new team good luck as so many retiree got stuck in this mess for so long and hope Fu Yu legal case will end up like OIO case - n those who invested in OIO know what happened to the ex boss n Singapore Court is always very Fair to small investors. | ||
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Joelton
Supreme |
25-Apr-2026 10:23
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Fu Yu shareholders question board credentials amid governance turmoil Directors&rsquo nationalities and seeming lack of experience with SGX-listed companies are among their concerns [SINGAPORE] Shareholders of components manufacturer Fu Yu Corporation : F13 +6.31% have raised concerns over the credentials and composition of the company&rsquo s board of directors, in the lead-up to its annual general meeting (AGM) on Apr 30. The questions come amid a governance dispute that saw the company dismiss its group chief executive officer for &ldquo gross default and misconduct&rdquo last October. In responses published on Friday (Apr 24), Fu Yu&rsquo s board addressed shareholder queries on the nationalities of its directors, their lack of experience serving on the boards of Singapore-listed companies, and whether their fees remained justified given three consecutive years of financial losses. One question asked why the board comprised directors who were &ldquo foreign-sounding&rdquo , arguing that non-Singaporean directors pose a governance risk in the event of fraud as they could &ldquo easily run away from Singapore and escape liability&rdquo . The board said that director appointments are based on qualifications, experience and expertise, as well as &ldquo ability to contribute effectively to the strategic oversight and governance of the group&rdquo . This is regardless of nationality. &ldquo To date, the directors&rsquo professional backgrounds and expertise have been essential in navigating our internal review and ensuring business continuity,&rdquo it added. It also pointed out that all directors are subject to the same fiduciary duties and statutory obligations under the Singapore Companies Act and Singapore Exchange (SGX) listing rules. A separate question noted that many of Fu Yu&rsquo s current directors appeared to lack prior experience serving on SGX-listed company boards, and asked the group to identify which of them, if any, had this background. The board acknowledged that such past experience is &ldquo a relevant consideration&rdquo , but said it is &ldquo not the sole criterion&rdquo for appointment. The details of the directors&rsquo SGX-listed company board experience, where applicable, were disclosed in their appointment announcements. Fu Yu&rsquo s board added that the directors had attended, or would attend, relevant training sessions, and were regularly updated on their duties under applicable regulations. Fees and shareholder alignment Shareholders also questioned the board on whether maintaining director fees during a period of losses was consistent with shareholder alignment. They pointed to the Fu Yu Supply Chain Solutions (FYSCS) venture as an example of management missteps that had contributed to three consecutive years of losses, and asked how the board had taken responsibility and accountability for those decisions. The board responded that it had helped to resolve legacy issues stemming from the FYSCS episode and other matters, and cited improving operational performance as evidence of progress. Further, the board said the proposed aggregate fees of S$232,000 for the 2026 financial year and a pro-rated S$118,615 for FY2025 were now divided among four independent directors rather than three. This results in a per-director amount lower than the S$233,000 proposed &ndash but not passed &ndash at the FY2024 AGM. The board also noted that total key management remuneration fell from S$3.27 million in FY2024 to S$2.48 million in FY2025. No dividends have been declared for FY2025, as the company remains loss-making. Fu Yu said its dividend policy of returning at least 50 per cent of profits to shareholders remains unchanged. Shares of Fu Yu closed at S$0.118 on Friday, up S$0.007 or 6.3 per cent, before the announcement. Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. [SINGAPORE] Fu Yu has received two letters of demand from fired chief executive officer David Seow, claiming about S$2 million in total over alleged wrongful termination and defamation. The mainboard-listed manufacturer of plastic and metal components and products said in a bourse filing on Thursday (Nov 6) that it had received a letter of demand dated Tuesday, in which Seow sought S$1,853,548.39 in salary. Seow separately sent a letter of demand dated Wednesday to Fu Yu, its independent directors and corporate secretary, alleging defamation and demanding that a bourse filing on Nov 1 announcing his firing be retracted. Fu Yu added that Seow also demanded a signed apology to be published on SGXNet and damages of S$200,000, among other things. Fu Yu said it is obtaining legal advice it believes that the letters and any potential legal proceedings &ldquo will not affect&rdquo its continued business operations. It also set out the reasons for firing Seow, and said the 40-year-old &ldquo had breached his fiduciary duties owed&rdquo to the company, including his duty to &ldquo act bona fide in its best interests&rdquo . Instead, Fu Yu said, he had &ldquo (used) his position and office to gain advantages for himself&rdquo . Fu Yu said Seow&rsquo s termination was the result of an investigation that was initiated after shareholders raised concerns at the company&rsquo s annual general meeting in June. Shareholders had questioned the company&rsquo s financial performance and the remuneration granted to directors and key management personnel, which &ldquo appeared to be high in contrast to the low revenue of the company&rdquo . The independent directors then initiated an internal audit and review, which led them to discover several matters to suggest &ldquo gross default and/or misconduct&rdquo on Seow&rsquo s part. The independent directors subsequently engaged third-party professionals, including external legal counsel, who reviewed the matter. Fu Yu said Seow was given opportunities on Oct 28 and Oct 29 to address the board&rsquo s concerns over the vesting of shares under a restricted share plan, the five year lock-in clause in his service agreement dated Dec 16, 2022, and a six-figure special bonus he had granted to two senior management executives in 2024, despite the company&rsquo s poor financial performance. Letter of award On the vesting of shares, Fu Yu pointed out that a letter of award dated Nov 14, 2022, granted Seow two categories of shares: Annex A and Annex B shares. Under Annex A, Seow was awarded five million shares, as well as S$1,012,500 cash in lieu of another five million shares for his past contributions and performance. The letter of award was issued by then chairman of the remuneration committee, Christopher Huang, and accepted by Seow. Fu Yu noted that the shares were granted to Seow in addition to his basic salary and performance bonuses for 2022, 2023 and 2024. Annex B shares were intended as an incentive to reward Seow with additional shares upon achieving targets for the group&rsquo s revenue and pre-tax profit. There was an accelerated reward clause that stated that, irrespective of the group&rsquo s actual revenue in 2023, Seow would be rewarded with the shares for 2022 as well as the shares for 2023 in advance, if he met the revenue target of S$237 million for 2023 a year earlier, in 2022. As Fu Yu&rsquo s revenue for 2022 was S$240 million &ndash higher than the target of S$215 million, the remuneration committee awarded Seow four million shares for achieving the vesting conditions for both 2022 and 2023. This was even though revenue for 2023 was only S$190.4 million &ndash below the 2023 vesting condition of S$237 million. The independent directors noted that, as of early November 2022, Seow and the then board were provided with monthly financial reports. They were already aware of the group&rsquo s actual revenue for the year up to October 2022, as well as the group&rsquo s revenue forecast for November and December that year. Also, there was no provision in the letter of award for Fu Yu to claw back shares in the event that the vesting conditions for the following year were not satisfied. Seow&rsquo s explanation, Fu Yu said, was that the letter of award was duly reviewed and approved by the remuneration committee. Addendum to service agreement There was an addendum to Seow&rsquo s service agreement dated Dec 16, 2022, where the remuneration committee introduced a five-year lock-in clause entitling Seow to his salary for the remainder of the five-year period ending Dec 15, 2027, if he was fired before that. Fu Yu said that Seow added the same clause to the employment agreements of two other senior management personnel without the company&rsquo s knowledge. The independent directors noted that this &ldquo appeared to be in breach of the company&rsquo s obligation to disclose material information&rdquo . Fu Yu said that Seow&rsquo s explanation, when asked about the clause in his and the two others&rsquo service agreements, was that it had been &ldquo duly reviewed and approved&rdquo by the remuneration committee. &ldquo Special bonus&rdquo Seow also awarded a &ldquo special bonus&rdquo to the same two senior management personnel in January 2024, said Fu Yu, with each bonus amounting to six figures. The company said no other personnel were given such a bonus, and noted its &ldquo poor financial performance&rdquo in 2023. Fu Yu said Seow&rsquo s explanation to the board was that it is the company&rsquo s &ldquo established and consistent practice to set aside bonus provisions for the purposes of recognising and retaining key personnel&rdquo . Having found his explanations &ldquo inadequate and/or unsatisfactory&rdquo , the board unanimously decided to show Seow the door. The board added that Seow&rsquo s firing had nothing to do with the investigations into irregularities at its wholly owned supply chain unit Fu Yu Supply Chain. Fu Yu shares rose 2 per cent or S$0.002 to close at S$0.103 on Thursday, before the news. |
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Joelton
Supreme |
25-Apr-2026 10:22
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Fu Yu shareholders question board credentials amid governance turmoil Directors&rsquo nationalities and seeming lack of experience with SGX-listed companies are among their concerns [SINGAPORE] Shareholders of components manufacturer Fu Yu Corporation : F13 +6.31% have raised concerns over the credentials and composition of the company&rsquo s board of directors, in the lead-up to its annual general meeting (AGM) on Apr 30. The questions come amid a governance dispute that saw the company dismiss its group chief executive officer for &ldquo gross default and misconduct&rdquo last October. In responses published on Friday (Apr 24), Fu Yu&rsquo s board addressed shareholder queries on the nationalities of its directors, their lack of experience serving on the boards of Singapore-listed companies, and whether their fees remained justified given three consecutive years of financial losses. One question asked why the board comprised directors who were &ldquo foreign-sounding&rdquo , arguing that non-Singaporean directors pose a governance risk in the event of fraud as they could &ldquo easily run away from Singapore and escape liability&rdquo . The board said that director appointments are based on qualifications, experience and expertise, as well as &ldquo ability to contribute effectively to the strategic oversight and governance of the group&rdquo . This is regardless of nationality. &ldquo To date, the directors&rsquo professional backgrounds and expertise have been essential in navigating our internal review and ensuring business continuity,&rdquo it added. It also pointed out that all directors are subject to the same fiduciary duties and statutory obligations under the Singapore Companies Act and Singapore Exchange (SGX) listing rules. A separate question noted that many of Fu Yu&rsquo s current directors appeared to lack prior experience serving on SGX-listed company boards, and asked the group to identify which of them, if any, had this background. The board acknowledged that such past experience is &ldquo a relevant consideration&rdquo , but said it is &ldquo not the sole criterion&rdquo for appointment. The details of the directors&rsquo SGX-listed company board experience, where applicable, were disclosed in their appointment announcements. Fu Yu&rsquo s board added that the directors had attended, or would attend, relevant training sessions, and were regularly updated on their duties under applicable regulations. Fees and shareholder alignment Shareholders also questioned the board on whether maintaining director fees during a period of losses was consistent with shareholder alignment. They pointed to the Fu Yu Supply Chain Solutions (FYSCS) venture as an example of management missteps that had contributed to three consecutive years of losses, and asked how the board had taken responsibility and accountability for those decisions. The board responded that it had helped to resolve legacy issues stemming from the FYSCS episode and other matters, and cited improving operational performance as evidence of progress. Further, the board said the proposed aggregate fees of S$232,000 for the 2026 financial year and a pro-rated S$118,615 for FY2025 were now divided among four independent directors rather than three. This results in a per-director amount lower than the S$233,000 proposed &ndash but not passed &ndash at the FY2024 AGM. The board also noted that total key management remuneration fell from S$3.27 million in FY2024 to S$2.48 million in FY2025. No dividends have been declared for FY2025, as the company remains loss-making. Fu Yu said its dividend policy of returning at least 50 per cent of profits to shareholders remains unchanged. Shares of Fu Yu closed at S$0.118 on Friday, up S$0.007 or 6.3 per cent, before the announcement. Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. [SINGAPORE] Fu Yu has received two letters of demand from fired chief executive officer David Seow, claiming about S$2 million in total over alleged wrongful termination and defamation. The mainboard-listed manufacturer of plastic and metal components and products said in a bourse filing on Thursday (Nov 6) that it had received a letter of demand dated Tuesday, in which Seow sought S$1,853,548.39 in salary. Seow separately sent a letter of demand dated Wednesday to Fu Yu, its independent directors and corporate secretary, alleging defamation and demanding that a bourse filing on Nov 1 announcing his firing be retracted. Fu Yu added that Seow also demanded a signed apology to be published on SGXNet and damages of S$200,000, among other things. Fu Yu said it is obtaining legal advice it believes that the letters and any potential legal proceedings &ldquo will not affect&rdquo its continued business operations. It also set out the reasons for firing Seow, and said the 40-year-old &ldquo had breached his fiduciary duties owed&rdquo to the company, including his duty to &ldquo act bona fide in its best interests&rdquo . Instead, Fu Yu said, he had &ldquo (used) his position and office to gain advantages for himself&rdquo . Fu Yu said Seow&rsquo s termination was the result of an investigation that was initiated after shareholders raised concerns at the company&rsquo s annual general meeting in June. Shareholders had questioned the company&rsquo s financial performance and the remuneration granted to directors and key management personnel, which &ldquo appeared to be high in contrast to the low revenue of the company&rdquo . The independent directors then initiated an internal audit and review, which led them to discover several matters to suggest &ldquo gross default and/or misconduct&rdquo on Seow&rsquo s part. The independent directors subsequently engaged third-party professionals, including external legal counsel, who reviewed the matter. Fu Yu said Seow was given opportunities on Oct 28 and Oct 29 to address the board&rsquo s concerns over the vesting of shares under a restricted share plan, the five year lock-in clause in his service agreement dated Dec 16, 2022, and a six-figure special bonus he had granted to two senior management executives in 2024, despite the company&rsquo s poor financial performance. Letter of award On the vesting of shares, Fu Yu pointed out that a letter of award dated Nov 14, 2022, granted Seow two categories of shares: Annex A and Annex B shares. Under Annex A, Seow was awarded five million shares, as well as S$1,012,500 cash in lieu of another five million shares for his past contributions and performance. The letter of award was issued by then chairman of the remuneration committee, Christopher Huang, and accepted by Seow. Fu Yu noted that the shares were granted to Seow in addition to his basic salary and performance bonuses for 2022, 2023 and 2024. Annex B shares were intended as an incentive to reward Seow with additional shares upon achieving targets for the group&rsquo s revenue and pre-tax profit. There was an accelerated reward clause that stated that, irrespective of the group&rsquo s actual revenue in 2023, Seow would be rewarded with the shares for 2022 as well as the shares for 2023 in advance, if he met the revenue target of S$237 million for 2023 a year earlier, in 2022. As Fu Yu&rsquo s revenue for 2022 was S$240 million &ndash higher than the target of S$215 million, the remuneration committee awarded Seow four million shares for achieving the vesting conditions for both 2022 and 2023. This was even though revenue for 2023 was only S$190.4 million &ndash below the 2023 vesting condition of S$237 million. The independent directors noted that, as of early November 2022, Seow and the then board were provided with monthly financial reports. They were already aware of the group&rsquo s actual revenue for the year up to October 2022, as well as the group&rsquo s revenue forecast for November and December that year. Also, there was no provision in the letter of award for Fu Yu to claw back shares in the event that the vesting conditions for the following year were not satisfied. Seow&rsquo s explanation, Fu Yu said, was that the letter of award was duly reviewed and approved by the remuneration committee. Addendum to service agreement There was an addendum to Seow&rsquo s service agreement dated Dec 16, 2022, where the remuneration committee introduced a five-year lock-in clause entitling Seow to his salary for the remainder of the five-year period ending Dec 15, 2027, if he was fired before that. Fu Yu said that Seow added the same clause to the employment agreements of two other senior management personnel without the company&rsquo s knowledge. The independent directors noted that this &ldquo appeared to be in breach of the company&rsquo s obligation to disclose material information&rdquo . Fu Yu said that Seow&rsquo s explanation, when asked about the clause in his and the two others&rsquo service agreements, was that it had been &ldquo duly reviewed and approved&rdquo by the remuneration committee. &ldquo Special bonus&rdquo Seow also awarded a &ldquo special bonus&rdquo to the same two senior management personnel in January 2024, said Fu Yu, with each bonus amounting to six figures. The company said no other personnel were given such a bonus, and noted its &ldquo poor financial performance&rdquo in 2023. Fu Yu said Seow&rsquo s explanation to the board was that it is the company&rsquo s &ldquo established and consistent practice to set aside bonus provisions for the purposes of recognising and retaining key personnel&rdquo . Having found his explanations &ldquo inadequate and/or unsatisfactory&rdquo , the board unanimously decided to show Seow the door. The board added that Seow&rsquo s firing had nothing to do with the investigations into irregularities at its wholly owned supply chain unit Fu Yu Supply Chain. Fu Yu shares rose 2 per cent or S$0.002 to close at S$0.103 on Thursday, before the news. |
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TraderBen
Supreme |
24-Apr-2026 16:46
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BBs nvr intended to push right after lunch.. only 2-3m shares traded since lunch time.. all retailers selling
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Taylor
Elite |
24-Apr-2026 16:11
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All the trading representative trader short positions 🦍 Is out of chamber, RUN | ||
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TraderBen
Supreme |
24-Apr-2026 16:07
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run at 120 1st come back next week | ||
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TraderBen
Supreme |
24-Apr-2026 14:58
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even if it nvr fly also sell before the day.. weekend later T do something crazy monday no time to run.. safety 1st | ||
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