FU YU Corp : F13 0% and its chief financial officer have mutually agreed to part ways “by settlement agreement”, announced the mainboard-listed maker of high precision plastic parts and moulds on Friday (Oct 7).

In a statement it furnished to the Singapore Exchange (SGX), Fu Yu did not explain what led to it entering the settlement with the 51-year-old Hee Siew Fong, who was appointed to the position in 2016.

The firm, however, said Hee and the board did not have any disagreements on matters that may have a material impact on the group and its financial reporting, nor are there concerns with regard to financial reporting that led to her leaving in December.

The counter closed 2.1 per cent down at S$0.235.