Tan was also chairman of the company’s audit and risk committee, and also the nominating committee. Since Tan’s resignation, the share price has dropped by around 20% to $1.33 as of June 9.
John Cheong and Heidi Mo from UOB Kay Hian are maintaining their “buy” call on CSE Global (SGX:544
) despite the recent resignation of the company’s lead independent director, Tan Chian Khong.
In their June 9 report, both analysts pointed out that the stated reason for the resignation was due to “unresolved differences of views with regards to working with controlling shareholders”. No further details have been provided by the company or the departing director.
