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The Place Holdings CSO, COO depart over 'divergent opinions'

THE Place Holdings on Tuesday said Leow Soon Guan has ceased to be the chief strategy officer (CSO) of the company, while Kam Tin Seah has ceased to be chief operating officer (COO), due to divergent opinions on the firm's operational matters and strategic direction.

CEO Fan Xianyong, together with the rest of the management team, will assume their responsibilities.

The Place Holdings is an investment holding company whose portfolio coverage includes the investment, development and management of media, integrated tourism and tourism-related “new retail” businesses. (see amendment note)

The Place Holdings shares closed flat at 1.9 Singapore cents on Tuesday.

Amendment note: An earlier version of the article stated that The Place Holdings is an outsourced service provider of precision drilling of printed circuit boards (PCB), as per its SGX corporate description. The company has since clarified that the PCB business was disposed in 2017.