These are Singapore companies which announced personnel changes on Wednesday, 27 October 2021: Shen Yao Holdings and Hock Lian Seng Holdings.
Shen Yao Holdings
Shen Yao Holdings said Wednesday Sun He, age 40, has been terminated from his position as general manager (Ironbark), effective 31 October.
“This decision is based on management’s views that Mr. Sun has failed to perform his duties in the interests of the company,” Shen Yao Holdings said in a filing to SGX. “Mr. Sun reserves the right to challenge the company’s decision to terminate his employment.”
Shenton Wire has been unable to locate contact details to reach out to Sun He for comment.
Sun had been appointed to the position in November 2020, the filing said.
The general manager (Ironbark) is responsible for management and operations at Ironbark Mining, as well as being involved in mining operations conducted at subsidiaries of the group, the filing said.
Shen Yao Holdings is a gold mining and exploration company, with operations in Australia. In addition, Shen Yao invests in undervalued public companies in the Asia Pacific region, as well as investing in private companies. Shen Yao Holdings also backs the Plutus Mazu hedge fund.
Hock Lian Seng Holdings
Hock Lian Seng Holdings said Wednesday Ng Seng Yoong, age 64, would cease to be senior manager, effective 31 October, and will be appointed as an advisor for the group, effective 1 November.
Ng was the general manager at Hock Lian Seng Infrastructure, responsible for identifying, reviewing and bidding for potential construction projects and for the day-to-day operations, including managing contractual, technical and project operation matters, the company said in a filing to SGX.