Australia's largest stock trading and investment forum Australia's #1 stock forum

ICI

Click for more information

0.00%

2.2¢ icandy interactive limited

Ann: Resignation of Directors, page-31

First 31 Last

Share
Profile

Follow
FingerLicking

1,916 Posts.

1201

14/11/23

14:26

Post #: 70892608
Share

Originally posted by Sanami: ↑

The announcement can be interpreted in at least half a dozen ways, can you help me understand where we can ascertain they are treating the remainder of their contract as their notice period?

iCandy Interactive Ltd has today received and accepted the resignation of its directors, Ms Irene Wong (nominee director of Mr Cheng Fei Wong) and Mr Ka King Foong. Mr Wong and Mr Foong are respectively the CEO and COO of iCandy’s subsidiary Lemon Sky Animation Sdn Bhd (“LSA”).

ICI completed the acquisition of LSA in February 2022 and put in place a management contract retaining the services of Mr Wong and Mr Foong for three years. After spending more than 16 years in the business, and with approximately one remaining year left of the Management contract, Mr Wong and Mr Foong have now indicated they intend to retire from LSA. The

Expand

they've stepped down from the Board of Directors of ICI, a position held for only 6 months

they have not yet relinquished their positions as CEO & COO of LSS, which are separate roles to being a director of ICI, but they indicated they intend to retire from LSS when the 3 years management contract ends in about 12 month's time

ICI Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 16 more messages in this thread...

First 31 Last

Add ICI (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $28.16M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.1¢	$15.91K	734.4K

Buyers (Bids)

No.	Vol.	Price($)
1	23258	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	198963	1

View Market Depth

No.	Vol.	Price($)
1	23258	0.021
5	1115050	0.020
3	255000	0.019
2	600000	0.018
3	546969	0.017

Price($)	Vol.	No.
0.022	198963	1
0.023	353852	3
0.024	526190	2
0.025	79960	1
0.026	115000	2

Last trade - 16.10pm 12/11/2024 (20 minute delay)

ICI (ASX) Chart