Alliance Select Foods prez and CEO ordered to appear in court
The president and chief executive officer of Alliance Select Foods International Inc., Raymond K. H. See, has been ordered to appear in court to shed light on the cases filed by the company’s Singaporean shareholders against its Filipino owners.
In a disclosure to the stock exchange, Alliance Select Foods said its president and CEO, Raymond K.H. See, received a subpoena on March 8, 2016 from the Office of the City Prosecutor of Manila that is related from the court case filed by its Singaporean shareholders Victory Fund Ltd. et al against Dee et al.
Dee resigned as chair of Alliance Select Foods on February 1, 2016.
The company said the subpoena is related to the estafa and falsification of documents filed by the Singaporeans against Dee.
Alliance Select Foods is an importer and exporter of seafood.
Its annual stockholders meeting was delayed because of the infighting among its shareholders but was finally able to hold it on March 1 when it elected Antonio C. Pacis as its new chairman.
The other directors in the board of Alliance Select Foods are: Joseph Peter Y. Roxas, Raymond K.H. See, George E. Sycip, and Maria Grace T. Vera Cruz. Dobbin A. Tan and Erwin M. Elechicon are its independent directors. (Eileen A. Mencias)