Home Capital New appointments

ASTI Holdings retrenches CEO amid efforts to stay afloat and exit SGX watch-list

Samantha Chiew
Samantha Chiew12/22/2021 06:23 PM GMT+08  • 2 min read
ASTI Holdings retrenches CEO amid efforts to stay afloat and exit SGX watch-list
ASTI Holdings retrenches CEO amid tough times.
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.

ASTI Holdings announced that it will be retrenching its CEO Michael Loh Soon Gnee in efforts to ensure the group’s survival.

In a filing dated Dec 22, ASTI says that the group has been negatively impacted by the on-going geo-political tensions between China and US and the global pandemic (which has devastated the global economy and have adversely affected global supply chains).

In order to ensure the group’s survival during this difficult period and to exit the SGX watch-list, the group has decided to terminate Loh’s capacity as CEO with his last date with the company being Dec 31, 2021.

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.