MD of Magnus Energy Group resigns
MAGNUS Energy Group's managing director Lim Kuan Yew, 55, has resigned to "pursue his personal ventures and businesses".
The news comes months after the company's former executive director, Koh Teng Kiat, stepped down amid a Commercial Affairs Department (CAD) probe.
In April, the oil and gas contractor and coal mining investor had announced that the passports of Mr Koh and the company's chief financial officer Luke Ho Khee Yong had been impounded by the CAD.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
RE&S gets privatisation offer from special purpose vehicle managed by Southern Capital Group
US regulators reconsider capital hike for big banks
EQT in talks to buy game services company Keywords Studios for £2.2b billion
Another Cordlife director arrested amid CAD probe
US dollar mostly flat as market mulls inflation outlook
Didi’s Liu giving up roles as president, board director