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Tritech completes sale of Terratech stake for the unit's reverse takeover
TRITECH Group has completed the sale of the bulk of its stake in its listed subsidiary Terratech Group in connection with a proposed reverse takeover of Terratech and now holds about 4.37 per cent of Terratech, Tritech said in a Singapore Exchange filing on Friday morning.
Terratech also said in separate bourse filings that it has changed its top management with effect from May 4, 2017.
Its new chief executive officer is Siow Chien Fu, 55, based in Malaysia, and new chief financial officer is Kenny Zhang Da, 42, based in Singapore. Tan Eng Kiat Dominic, 73, was named non-executive chairman and independent director.