Singapore-listed company posts video of violent stand-off at factory in China

The video contains footage of events which occurred during the "siege period" from April 15 to Sept 20, 2017, Shanghai Turbo said in an exchange filing.
The video contains footage of events which occurred during the "siege period" from April 15 to Sept 20, 2017, Shanghai Turbo said in an exchange filing.PHOTO: SCREENGRAB FROM SHANGHAITURBO.COM

SINGAPORE - China-based precision manufacturer Shanghai Turbo has uploaded a video of events which took place when the company was under "siege" - including a violent stand-off at its factory in China.

This comes amid an ongoing tussle over management changes at the mainboard-listed company.

The video contains footage of events which occurred during the "siege period" from April 15 to Sept 20, 2017, the company said in an exchange filing.

It will be played for shareholders during the company's annual general meeting on Monday (March 19).

Shanghai Turbo has been engaged in a legal tussle with former executive director Liu Ming since he was voted off the board in April 2017.

The company said in June that operations at a factory in China owned by a key operating subsidiary had been "temporarily stopped" and, in July, told shareholders that there was an "illegal occupation of the factory premises by some of the former management personnel and their associates".

The dispute came to a head in September when a group of people were allegedly attacked with plastic batons by associates of Mr Liu.

Two of the men said to have been assaulted were Raymond Lim, independent non-executive director of Shanghai Turbo Enterprises, and Zhang Rong, chief executive of its Changzhou 3D Technological Complete Set Equipment subsidiary.

The company sued Mr Liu for "failing to deliver up the factory premises" and also said that the Singapore High Court has granted an injunction to freeze Mr Liu's assets here.

Shanghai Turbo's video can be seen here: http://www.shanghaiturbo.com/playvideo/