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KLW Holdings appoints new CEO
CATALIST-listed KLW Holdings has appointed Quek Chek Lan as chief executive officer effective Oct 16.
The latest appointment follows the end of a boardroom fight at the door maker which held an extraordinary general meeting a week ago which was requisitioned by Mr Quek and another shareholder.
At the shareholders' meeting, Mr Quek, KLW's majority owner, won his bid to replace three directors including the company founder and managing director Lee Boon Teck, with his own nominees, as the company sought police help in investigating alleged unauthorised transactions by its managing director.
Mr Quek acquired the bulk of his 19.4 per cent stake from Mr Lee on Aug 26 for about 0.41 Singapore cent.