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Connection with a WFOE that I had a part in setting up

29 Oct 2014 16:19

Hi,


Please bear with me as I try to explain what I would like to clarify.

I was a director and shareholder in my previous company (in Singapore) which setup a WFOE in China (Qingdao). I have since left that company and have given up my directorship and sold my shares with the company.

Question here is would I still be liable for anything that happens with the WFOE since I signed documents when the WFOE was setup?

 

Thanks in Advance! 

Post 1 of 2

24 Dec 2014 08:45

Nope, you don't coz you transfer your share to others.

Post 2 of 2
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