MM2 Asia redesignates Melvin Ang as executive chairman
MM2 Asia announced the redesignation of Melvin Ang as executive chairman following the relinquishment of Tan Liang Pheng as the company's non-executive chairman.
Mr Ang remains MM2's chief executive officer and executive director while Mr Tan has been appointed as lead independent director.
As executive chairman, Mr Ang will supervise the group's overall business operations and management and planning while providing executive leadership and supervision to the senior management team.
MM2 shares finished one Singapore cent or 2.1 per cent higher to close at 48.5 Singapore cents on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Frasers Property H1 profit slides 81% on property value losses, lower residential contributions
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Barclays cuts jobs in energy transition team it only just built
UMS Holdings Q1 net profit drops 44% to S$9.8 million
SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand