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Creative Tech sale, new strategic direction, board refresh could be on the cards

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Yong Jun Yuan

Yong Jun Yuan

Published Fri, Jan 6, 2023 · 05:32 PM
    • One option could be for heirs of the late Sim Wong Hoo (above) to stay invested and promote or hire a C-suite team to turn the company around.
    • One option could be for heirs of the late Sim Wong Hoo (above) to stay invested and promote or hire a C-suite team to turn the company around. PHOTO: BT FILE

    ELECTRONICS company Creative Technology could see some change in direction – or at least a change in ownership – following the death of its founder and sole substantial shareholder Sim Wong Hoo, market watchers said.

    TSMP Law Corporation joint managing partner Stefanie Yuen Thio noted speculation in the markets that there could be a sale of Sim’s stake in the business.

    The company’s shares rose 25 per cent on Thursday (May 5) after Sim’s death was announced. Sim held 33.1 per cent of Creative, according to the latest annual report.

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