SGX objects to Henn Tan as Trek CEO; orders EGM on the matter

Singapore

THE Singapore Exchange (SGX) has "serious concerns" about Trek 2000 International's chief executive Henn Tan continuing in his role and has ordered the company to call an extraordinary general meeting to vote on his appointment and that of other key executives - including that of Foo Kok Wah as president of operations, sales and customised solutions.

In addition, the bourse regulator has barred Mr Tan as a director or executive officer in any listed company for the next three years. It also banned Mr Foo, as well as executive directors Poo Teng Pin and Gurcharan Singh, from being appointed as directors or executive officers in any listed company for the next three years.