Singapore executive moves: Imperium Crown

Singapore two-dollar billsSingapore two-dollar bills

These are Singapore companies which announced personnel changes on Wednesday, 7 October 2021: Imperium Crown.

Imperium Crown

Imperium Crown said Wednesday Tan Keng Keat, age 45, was appointed an executive director and has relinquished his role as acting CEO. He will continue to be chief financial officer, the company said in a filing to SGX.

“Despite the fact that the company does not have a CEO subsequent to Mr. Tan relinquishing his position as acting CEO of the company, the process of decision making by the board will be independent and will be based on collective decisions without any individual exercising any considerable concentration of power or influence,” the company said in the statement.

“Taking into consideration the development and execution of the company’s long-term strategies and plans, which include maximising value creation for its stakeholders, the board, with the assistance of the nominating committee, will continue to review the role of the CEO and will consider filing up the post of the CEO when deemed appropriate or a suitable candidate is sought,” the company added.

Tan holds 3.84 million shares in the company, according to the filing.

Imperium Crown is a property investor and developer in Asia. It has been divesting its Japan properties and allocating capital to other projects, including the Wonder Stone Park project in Shandong Province in China and the Richardson Trust property in South Perth, Australia, according to its website.