SG executive moves: SembMarine, AIMS APAC REIT, Shopper360, Courage Investment, Cordlife, ASTI

Singapore five-dollar note Photo by Leslie Shaffer

Singapore companies announcing executive changes: Sembcorp Marine (SembMarine), AIMS APAC REIT, Courage Investment Group, ASTI Holdings, Cordlife Group, Advanced Holdings and Shopper360.

Sembcorp Marine

Sembcorp Marine (SembMarine) said Tuesday it has appointed Patrick Daniel as an additional member to the executive committee of the company’s board, effective 1 December.

AIMS APAC REIT

AIMS APAC REIT said Monday the Monetary Authority of Singapore has given the REIT’s manager approval to appoint Russell Ng as CEO; he will succeed Koh Wee Lih, who stepped down on 28 November to pursue other opportunities, the REIT said.

Shopper360

Shopper360 said Tuesday it has appointed James Ling Wan Chye, age 43, as executive director to oversee corporate finance, human resources, strategy and group administration.

He is the spouse of Chew Sue Ann, the executive chairman and group managing director, and the son-in-law of Yap Phaik Kwai, a controlling shareholder of the company, Shopper360 said in a filing to SGX.

From January 2018 to the present, James Ling Wan Chye has been the director of corporate finance and strategy at the company, the filing said.

Courage Investment Group

Courage Investment Group said Tuesday Sin Pui Ying has resigned as executive director due to personal engagements which require more of her attention, and the company has appointed Sue Ka Lok to the role of executive director.

Sue, age 56, was previously and executive director and chairman of the board at Courage Investment, but stepped down in October 2017; he was reappointed as chairman in February 2018, and resigned in January 2021, the company said in a filing to SGX.

Sue is an executive director and CEO of Hong Kong-listed China Strategic Holdings, an executive director of Hong Kong-listed EPI (Holdings) and a non-executive director of Hong Kong-listed Birmingham Sports Holdings, the filing said.

Suen Cho Hung, Paul, the ultimate beneficial owner of Courage Investment’s substantial shareholder, is the also the ultimate beneficial owner of the substantial shareholder of EPI and Birmingham Sports, and he indirectly holds 8.24 percent of China Strategic, the filing said.

Courage Investment’s businesses are marine transportation, property holding and investment, investment holding and merchandise trading.

Cordlife Group

Cordlife Group said Tuesday it has appointed Joseph Wong Wai Leung to chairman of the board, effective Wednesday, citing his experience in the financial services industry.

Dr. Ho Choon Hou has been redesignated to non-independent non-executive director from independent director, the company said in a filing to SGX. Ho had been appointed to his role in 2012, before the company’s IPO, and after serving the board for more than nine years would no longer be considered independent, the filing said. He will cease to be acting board chairman and take on the role of vice chairman in charge of mergers and acquisitions and investment, the filing said.

Cordlife said it has appointed Chen Xiaoling, age 30, as non-independent non-executive director, effective 1 December. She was nominated by Nanjing Xinjiekou Department Store, a substantial shareholder of Cordlife, to serve as the nominee director in the place of Wang Lin, the company said in a filing to SGX.

Wang Lin, age 38, who held the role starting in 2019, was departing due to the change in nominee director nomination, a filing said.

From 2017 to the present, Chen Xiaoling has been the senior business assistant to the chairman and senior director of the strategy department in immune-therapy and stem cell business unit of Nanjing Xinjiekou Department Store, the filing said.

In a separate statement, Cordlife said Yiu Ming Yiu, age 33, was appointed as a non-independent non-executive director. Yiu has been the chairman of Everest-Fortune (China) Commercial Factoring from March 2017 to the present, the filing said. He is the son of Yiu Chi Shing, who is an indirect controlling shareholder of Cordlife through his company TransGlobal Real Estate Group, the filing said.

The company also appointed Cheong Tuck Yan Titus Jim, age 58, as an independent director, according to a separate filing. He is currently the chief financial officer at Pasture Pharma, the filing said.

Cordlife said it appointed Chow Wai Leong, age 53, as non-independent non-executive director, effective 1 December. From May 2012 to the present, he has been the general manager of business development at Honeywell Building Technologies/Sensing & Productivity Solutions, the filing said.

Advanced Holdings

Advanced Holdings said Tuesday that Cheng Ho Lam Fredy, age 44, would cease to be chief financial officer, effective end-December to pursue personal interests and other opportunities.

Cheng will work closely with Wang Yilong Johnson, the newly appointed acting chief financial officer to ensure a smooth handover, the company said in a filing to SGX.

Wang, age 38, will become the acting chief financial officer on 1 December, a separate filing said. He was the company’s group finance manager from June 2017 to November 2021, the filing said.

ASTI Holdings

ASTI Holdings said Tuesday Lim Boon Liat Timothy, age 56, had resigned as executive director to focus on his other commitments, and Chong Man Sui, age 64, had resigned as non-executive non-independent director to focus on other commitments.

Dato Ahmad Rasidi Bin Hazizi, age 66, was appointed as an independent director, the company said in filings to SGX.

 

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