Independent director Gary Scanlan quits LionGold board

SINGAPORE - Resignations continue to dog firms under police probe over last October's penny stock crash.

The latest to leave is Mr Gary Francis Paul Scanlan, 61, a non-executive, independent director at LionGold Corp.

The company announced his resignation in a filing with the Singapore Exchange on Tuesday evening.

It said Mr Scanlan stood down as he "wishes to pursue other interests in Australia and elsewhere".

Mr Scanlan's departure follows that of Mr Fong Hoong Heng, 57, formerly an independent director at Ipco International.

Mr Fong's resignation was announced on Monday and was attributed to "personal work commitments and busy travel schedules".

Prior to that, Blumont Group had on April 30 announced the resignation of Mr Neo Kim Hock, 66, formerly its executive chairman.