Jaya Holdings director quits due to personal commitments

A NON-EXECUTIVE director of mainboard-listed Jaya Holdings, Maria Chang, has resigned due to personal commitments, the cash company said on Monday.

Ms Chang was a member of the audit and remuneration committees. Non-executive and non-independent chairman Wong Siu Min has been appointed as a member of the audit and remuneration committees, the firm added.

Jaya, previously an offshore fleet and shipyard owner, became a cash company after it sold its businesses for S$625 million in 2014 to Mermaid Marine Australia. It is now in the midst of a reverse takeover of Papua New Guinea finance firm Heduru Moni Limited.