Corporate digest

AsiaMedic Limited

The Catalist-listed screening and medical imaging company has appointed Arifin Kosumo Kwek Zhi Bin as its new chief executive officer (CEO).

Kwek, 49, is currently the managing director of Lifescan Imaging and Lifescan Medical, which also does health screening and imaging, under the Singapore Medical Group.

Kwek, who has served in the position since September 2015, had also served as senior vice-president of Singapore Medical Group from May 2011 to December 2019.

AsiaMedic said the appointment will take effect on Jun 20.

KTL Global

The suspended counter has clarified that while it had engaged the legal services of Chevalier Law, where its independent and non-executive director Chong Eng Wee is managing director and holds more than 30 per cent interest, the services were not rendered by Chong himself.

The mainboard-listed distributor of fresh vegetables and fruit was responding to queries from Singapore Exchange Securities Trading (SGX-ST) in a bourse filling on Wednesday (Mar 30).

SGX-ST had sought clarification following the company's announcement on Mar 22 that Chong "provides a sense of continuity to the company and offers guidance and legal advice when necessary".

The announcement related to a proposal to convene an extraordinary general meeting to seek its shareholders' ratification of the legal interested-person transactions it entered into with the law firm.

On Wednesday, KTL Global said the reference to "legal advice where necessary" referred to the ad hoc legal advice which Chong gave to the company's new management team from time to time.

"Such ad hoc legal advice is neither part of the legal interested-person transactions nor services chargeable by Chevalier Law," it stressed.

City Developments Limited

The real estate development company achieved a 42 per cent reduction in carbon emissions intensity between 2007 and 2021, it said as it published its annual sustainability report on Wednesday.

City Developments Limited (CDL) is therefore on track to achieve its Science Based Targets Initiative-validated target of a 59 per cent reduction in carbon emissions by 2030, it pointed out.

CDL, meanwhile, reported that it had made energy savings amounting to over S$34 million since 2012.

These come from the energy-efficient retrofitting and initiatives across all its commercial buildings, it noted.