NutryFarm Shareholders Challenge CEO Amid Trading Resumption Plans

NutryFarm International faces shareholder pressure to replace CEO Niu Liming as it aims to resume trading on the SGX mainboard following over four years of suspension since April 2022. Shareholders contest Niu Liming's authority to vote for major shareholder Jia Lijie.

The company is pivoting from durians to data centres and AI services, a strategic shift that could restructure its debt obligations. This transition may convert creditors into significant shareholders while diluting existing holders.

Shareholder disputes over voting rights complicate NutryFarm's efforts to restart trading on the SGX mainboard after years of suspension, adding pressure to its business recovery timeline.