Corporate digest

Mercurius Capital Investment

MERCURIUS Capital Investment Ltd said that it is in preliminary discussions with unrelated parties about a potential joint venture and a separate disposal transaction. In its reply to the Singapore Exchange, which issued a trading query on Monday, the company said that it will make the relevant disclosures at the appropriate time, in compliance with Catalist rules.

In a separate announcement, Mercurius said its CEO and executive director Xu Rongsen has resigned on Tuesday, and will be replaced by Chang Wei Lu as CEO and executive chairman. Independent non-executive directors Ke Lihong and Feng Jianjia also left on the same day. The group has appointed Wong Leong Chui as an independent non-executive director; He will also be chairman of the remuneration and nominating committees.