FRENCKEN Group - which offers manufacturing services for consumer products - on Wednesday said Gooi Soon Hock, the group's co-founder and president, died on Dec 30, 2014. No other details were provided.
The company's executive committee will continue to function as the central decision-making authority for the group's business operations until the board appoints a new president.
"The directors, management and staff of the group would like to extend their deepest condolences to the family of the late Mr Gooi. Mr Gooi will always be remembered for his guidance, leadership, dedication and invaluable contributions to Frencken Group over the years."
The company has halted trading in its shares. This was to be lifted at 4pm.