Aedge Group appoints Tembusu blockchain fund partner as adviser

CATALIST-LISTED Aedge Group said on Monday (Mar 7) that it has appointed Khoong Hock Yun - partner of Tembusu Partners blockchain fund - as an adviser with immediate effect.

The engineering, security and manpower, and transport services provider said in a statement that Khoong will provide strategic advice to Aedge Group relating to the adoption of technology, such as blockchain technology; strengthen its manpower business in areas such as contract management and payroll; and connect Aedge Group to technology companies to explore strategic investments.

Khoong has over 3 decades of experience in the public and private sector. He is currently managing partner of Tembusu Partners Blockchain Funds 1 and 2. He was also previously assistant chief executive officer heading the development portfolio at the Infocomm Media Development Authority (IMDA) of Singapore.

Said Aedge Group chief executive officer Poh Soon Keng: "This is an opportune time for us to leverage on technology to enhance manpower productivity. We look forward to tapping on Mr Khoong's industry experience and connections as we transform our businesses with technology."

Aedge shares closed unchanged at S$0.25 on Monday, before the announcement.