THE chief executive officer and executive director of interior design contractor Serrano Ltd has been declared bankrupt by the court.
Catalist-listed Serrano said on Friday morning that the court had a bankruptcy order made against Chia Wing Keong after a hearing on Thursday. The proceedings were initiated by Bank of East Asia.
Mr Chia has thus vacated his post as Serrano’s director and CEO. He will also cease to act as director in all other Singapore-incorporated companies, including those of the company’s subsidiaries, as well as in the company’s associated company, Serrano (Thailand) Ltd, which is incorporated in Thailand. No replacement CEO has been announced by Serrano.
This development comes a month after Chia Win…
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