Aspen Glove chief operating officer tenders resignation during probationary period

ASPEN Glove, a subsidiary of mainboard-listed Aspen (Group) Holdings, on Thursday said its chief operating officer (COO) Calvin Ng has tendered his resignation during his probationary period to "pursue other interests".

In a bourse filing on Thursday, Aspen said Mr Ng, 48, had tendered his resignation on May 16. The company accepted his resignation on May 19.

Mr Ng's effective last date of service is June 17. His responsibilities will be handed over to Aspen Glove's managing director Iskandar Basha in the interim.

Aspen said it has shortlisted suitable candidates to replace Mr Ng, and the announcement of the appointment of his replacement will be released in due course once the company has completed its due diligence process.

Mr Ng was appointed as the COO of Aspen Glove on Sept 22 last year after Aspen's nominating committee and board of directors were satisfied that he possessed the requisite qualifications and experiences for the position.

As the COO, Mr Ng was responsible for overseeing and reviewing Aspen Glove's manufacturing operations, compliance with safety regulations and standard operating procedures, financial performance, budget and expenses, among other duties.

Shares in Aspen closed at S$0.21 on Thursday, down 2.3 per cent or 0.5 cent.