Home Capital Insider moves

Venture Corp’s Wong raises stake just before stepping down as CEO

The Edge Singapore
The Edge Singapore 11/18/2021 1:9 PM GMT+08  • 3 min read
Venture Corp’s Wong raises stake just before stepping down as CEO
Wong, who will remain as executive chairman, will be succeeded as CEO by Lee Ghai Keen, the current COO.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Wong Ngit Liong, who is stepping down as the long-time CEO of Venture Corp, has increased his stake in the blue-chip contract manufacturer. On Nov 8, Wong acquired 200,000 shares on the open market for a total $3.75 million or $18.7 each.

Wong now holds around 20.65 million shares or 7.106% of the company, up from 7.037% previously.

Wong, who will remain as executive chairman, will be succeeded as CEO by Lee Ghai Keen, the current COO. Wong Chee Kheong, who is now the senior vice-president of Venture’s healthcare and wellness business, global supply base management and IT, will be appointed as the COO. The changes will take effect on Jan 1, 2022.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.