EDB chief to step down as ST Engineering independent non-executive director
ECONOMIC Development Board (EDB) chairman Beh Swan Gin will be stepping down as ST Engineering's independent non-executive director due to "other commitments".
Dr Beh, 52, will do so at the company's upcoming annual general meeting (AGM). Initially scheduled for April 23, the meeting has been postponed due to the Covid-19 situation, to a future date to be determined.
He joined the board six years ago and has served as a member of the Budget & Finance Committee since 2015, including after it was revamped and renamed as the Strategy & Finance Committee in 2017.
ST Engineering said in a bourse filing on Tuesday that his decision not to seek re-election stems from "his other commitments".
The group will announce the effective date of his stepping down as director once the date for the deferred AGM has been determined, and the AGM held accordingly.
Shares of ST Engineering closed at S$3.38 on Tuesday, up 4.32 per cent, before the announcement.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue
Crypto firm sues SEC to fend off oversight of Ethereum
Snap beats first-quarter expectations, shares jump 25%
Google parent announces first-ever dividend; beats on sales, profit; shares soar