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.
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).
