Its board had “convened urgently” after the unexpected announcement on Jan 10 of the resignation of non-executive chairman Dr Kriengsak Chareonwongsak, who cited “the uncertainty and divergence in the future direction of the company” as the reason for his departure.
ASTI Holdings’ four remaining board members have resigned with immediate effect following the appointment of substantial shareholders Ng Yew Nam and Soh Pock Kheng as new directors to the company’s board of directors.
The company announced the new appointments following approval by Singapore Exchange (SGX:S68
) Regulation (SGXRegCo) on Jan 15.
