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After $119 mil FY21 loss, Tee International CFO quits in under a year

Jovi Ho
Jovi Ho • 3 min read
After $119 mil FY21 loss, Tee International CFO quits in under a year
His departure follows the resignation of its former group chief executive in June.
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The chief financial officer of Mainboard-listed engineering company Tee International has resigned less than a year after his appointment in November 2020.

Ng Kok Peng’s departure follows the resignation of its former group chief executive Phua Boon Kin, uncle of Phua Cher Chuan, interim group executive and managing director, in June. Executive director Saw Chin Choo resigned that same day.

Last week, Tee International announced a loss after tax of $115.1 million in 4QFY2021 ended May as compared to $18.4 million in the same period a year earlier.

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