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Asti shareholder Ng Yew Nam says he has the relevant experience to save company

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Yong Jun Yuan

Yong Jun Yuan

Published Tue, Aug 1, 2023 · 05:00 AM
    • Ng said that there is interest and potential in Asti's business, based on conversations with customers and business associates.
    • Ng said that there is interest and potential in Asti's business, based on conversations with customers and business associates. PHOTO: AFP

    ASTI Holdings shareholder Ng Yew Nam believes his experience managing a semiconductor company since 2005 will allow him to pull Asti out of its troubled situation. He said he hopes to turn the company around and find a buyer for it.

    Ng is one of four shareholders who have requisitioned an extraordinary general meeting (EGM) to remove all five of Asti’s directors and replace them with Ng and four other individuals.

    Notices of the EGM were sent to all Asti shareholders on Monday (Jul 31), Ng told The Business Times.

    asti holdingssemiconductorsAGM/EGM

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