Phrases used by parrots: "....spend more time with the family..."

[LITTLEREDDOT]

#1
"In the meantime, I will be spending more time with my family," he said in an e-mail.

People's Association chief executive director Desmond Tan steps down, to be succeeded by Lim Hock Yu

Mr Lim Hock Yu (left) will succeed Mr Desmond Tan Kok Ming (right).PHOTOS: PEOPLE'S ASSOCIATION
PUBLISHED JUN 5, 2020, 10:58 PM SGT

Toh Wen Li


SINGAPORE - The People's Association's (PA) chief executive director Desmond Tan Kok Ming will step down and leave the public service on June 15, fuelling speculation that he could enter politics at the upcoming general election.

The PA announced in a press release on Friday (June 5) that current deputy chief executive Lim Hock Yu, 55, will succeed Mr Tan, 49.

The PA statement gave no indication of Mr Tan's next move after he leaves the public service. He rose to the rank of brigadier-general in the Singapore Armed Forces and was appointed to lead the PA in January 2017.

When contacted, Mr Tan told The Straits Times that his stepping down is part of the leadership renewal in PA.

"I have some plans in mind and (these) will firm up in time. I also hope to continue to serve the community in other capacities. In the meantime, I will be spending more time with my family," he said in an e-mail.

In his reply, he did not address a question posed to him on whether he would be entering politics.

Grassroots sources suggest that Mr Tan could be fielded as a candidate for the ruling People's Action Party in the upcoming election.

Mr Tan has, in recent weeks, been highlighted in Facebook posts on grassroots matters by Senior Minister Teo Chee Hean, who is the anchor minister for Pasir Ris-Punggol GRC.

Mr Teo had tagged him in a May 31 post, for instance, after a discussion with 150 activists from Punggol.

Besides Mr Tan, Mr Teo also tagged MPs from the GRC and other potential new faces - Mr Mohamed Sharael Mohd Taha, vice-president for the strategy and project management office at Singapore Aero Engine Services; and Caregiver Asia chief executive Yeo Wan Ling, who is also vice-chairman of the Punggol North Citizens' Consultative Committee.

During Mr Tan's time at the helm, the PA introduced Residents' Networks and Youth Networks to encourage social mixing and help young people better serve their communities.

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The association also launched initiatives such as ImPAct @ Hong Lim Green, a fitness and social space in the Central Business District.

Mr Tan, the PA added, helped to promote collaboration between the association and other groups, and led its efforts to support the community during the Covid-19 crisis - including mask distribution exercises and the Temporary Relief Fund application at Community Clubs (CCs) and Residents' Committees (RCs).

His successor, Mr Lim is a retired Brigadier-General who joined the PA in 2016.

In Friday's press statement, Trade and Industry Minister Chan Chun Sing, the PA's deputy chairman, thanked Mr Tan for his contributions.

"Under his leadership, PA has strengthened its engagement with Singaporeans, and helped the Government to better understand and address their needs, concerns and aspirations," he said. "I would also like to welcome Mr Lim in his new role, and wish him the best.

 

[LITTLEREDDOT]

#2
When approached, Mr Tan said his plans are still being firmed up, and "it would be premature to share them now". He added that he will be taking a short break to prepare for the arrival of his first child in August.

IMDA CEO Tan Kiat How to leave post, expected to enter politics in upcoming Singapore general election

Public servants (from left) Tan Kiat How, Ng Ling Ling and Yip Hon Weng have recently left their posts.PHOTOS: CHONG JUN LIANG, JOYCE FANG, IMDA
PUBLISHED 37 MIN AGO

Linette Lai
Political Correspondent

SINGAPORE - Mr Tan Kiat How, chief executive of the Info-communications Media Development Authority (IMDA), will step down on Saturday (June 20).

He is the latest of a string of senior public servants to have recently left their posts. Party sources have tipped them to enter politics under the banner of the ruling People's Action Party in the upcoming general election, with Mr Tan possibly fielded in East Coast GRC.

The constituency, which was hotly contested by the Workers' Party in previous elections, is expected to see two MPs leave - Mr Lim Swee Say and Mr Lee Yi Shyan.

Mr Tan was a guest speaker in a webinar on digitalisation for East Coast residents and MPs last Saturday (June 13). Earlier this month, he also took part in a webinar on job opportunities and digital skills, hosted by Mr Lee Yi Shyan.

In a statement on Monday, the Ministry of Communications and Information said Mr Tan will be succeeded by current deputy chief executive Lew Chuen Hong, the former Chief of Navy, as part of leadership renewal.

The others public servants who have recently stepped down are Mr Yip Hon Weng, former group chief of the Silver Generation Office under the Health Ministry, and Ms Ng Ling Ling, who was director of the Health Ministry's Office of Healthcare Transformation (MOHT).

Mr Yip has left the Health Ministry, while Ms Ng has taken up the role of senior consultant at MOHT.

When approached, Mr Tan said his plans are still being firmed up, and "it would be premature to share them now". He added that he will be taking a short break to prepare for the arrival of his first child in August.

He noted that the Covid-19 pandemic poses both a crisis and an opportunity, saying: “ I will want to continue leveraging my experience, especially in the area of digital technology, to contribute to this effort.”

Mr Desmond Tan, who was formerly chief executive of the People's Association (PA), also left the public service on Monday (June 15). He did not indicate where his next move is, although he told The Straits Times earlier this month that he hopes to continue to serve the community "in other capacities".

All four senior public servants have featured prominently in virtual discussions with residents and grassroots leaders over the past few months, along with other potential new faces.

In Ang Mo Kio GRC, Ms Ng joined Jalan Kayu MP Intan Azura Mokhtar for an online meet-the-people session last Thursday.

Mr Yip took part in a meeting with Senior Minister of State for Trade and Industry Koh Poh Koon and Silver Generation Ambassadors earlier this month. Dr Koh is MP for the Yio Chu Kang ward, which has been carved out as a single seat under the latest electoral boundary changes.

Mr Desmond Tan has also been highlighted in Facebook posts on grassroots matters by Senior Minister Teo Chee Hean, who is anchor minister for Pasir Ris-Punggol GRC.

Mr Tan Kiat How was appointed chief executive of IMDA in 2017. Under his leadership, the organisation took steps to build up Singapore's connectivity infrastructure, such as the rollout of the country's fourth telco.

It also worked with the Trade and Industry Ministry on the new Digital Economy Partnership Agreement between Singapore, Chile and New Zealand, which was signed last Friday.

In a Facebook post on Monday, Minister for Communications and Information S. Iswaran thanked Mr Tan for his work to further Singapore's digital economy ambitions.
"Domestically, Kiat How has also played a key role in fostering a digitally inclusive society by keeping a close sense of the ground to address people's concerns with going digital, and enabling workers to seize exciting opportunities in the tech sector, so that all Singaporeans have a part in our digital future," he wrote.

Before taking up the top post at IMDA, Mr Tan was previously deputy secretary for cyber and technology at the Ministry of Communications and Information, where he worked on Singapore's national cybersecurity strategy.

He has also worked at the Finance Ministry and Pioneer Generation Office.

 

[laksaboy]

More of these jiakliaobees need to go 'spend more time with their families'.

 

[steffychun]

I thought Yam Ah Mee was i/c

 

[LITTLEREDDOT]

#3
"Mr Tan has shared that he is resigning in order to spend more time with his family," CDL said.

CEO of CDL's hotel arm quits after four months

Mr Clarence Tan was the first to take the helm after CDL took Millennium & Copthorne Hotels private in 2019.PHOTO: CDL


SINGAPORE (THE BUSINESS TIMES) - The group chief executive officer (CEO) of City Developments Limited's (CDL) hotel arm, Millennium & Copthorne Hotels (M&C), has resigned after four months in the position, the mainboard-listed company said on Tuesday evening (July 20).

Mr Clarence Tan, 52, will cease to be CEO of M&C from Aug 2. He was first appointed on April 2.

"Mr Tan has shared that he is resigning in order to spend more time with his family," CDL said. "Moving forward, he remains open to interesting or suitable opportunities that may come along."

CDL took M&C private last year, and the British company was subsequently delisted from the London Stock Exchange.

Mr Tan was the first to take the helm after the delisting, following the departure of former M&C group CEO and director Jennifer Fox in September 2018 after three months in the job. No reason was given for Ms Fox's move.

Before taking up the CEO position, Mr Tan was managing director for South-east Asia and Korea for InterContinental Hotels Group.

He said back in March that he saw "a significant opportunity to reshape M&C's strategies and reposition the business" amid operating challenges and uncertainty brought about by the Covid-19 pandemic.

Earlier in May, M&C cut its global headcount by 8 per cent and furloughed another 30 per cent of staff in its owned-and-managed hotel portfolio as the pandemic and government restriction measures hit its business.

Senior management and executives in M&C have, since April 1, also accepted salary cuts of up to 30 per cent, depending on their seniority.

Shares of CDL closed down 14 cents or 1.65 per cent to $8.36 on Wednesday.

 

[LITTLEREDDOT]

#4
Why is it that no one resigned when time$ were good to "pursue personal interest" and "spend more time with family", but everyone resign for these reasons when shit hits the fan?

Dr Goh quit "to devote more time to his personal affairs", while Mr Teo stepped down "to focus on personal matters and to pursue other interests", the mainboard-listed healthcare firm said in separate filings with the Singapore Exchange late on Thursday night (Oct 15).
Mr Kelvyn Oo had resigned from the company on Aug 1 to "pursue personal interest and other opportunities".

Goh Jin Hian resigns as New Silkroutes chairman amid CAD probe

Dr Goh Jin Hian was New Silkroutes' CEO from July 2015 till Oct 1 this year, when he took over as chairman in a move announced in July.PHOTO: BUSINESS TIMES
Ann Williams

SINGAPORE - New Silkroutes Group has announced the resignations of its chairman Goh Jin Hian and finance director William Teo Thiam Chuan, both of whom are assisting the Singapore Police's Commercial Affairs Department with investigations.

Dr Goh quit "to devote more time to his personal affairs", while Mr Teo stepped down "to focus on personal matters and to pursue other interests", the mainboard-listed healthcare firm said in separate filings with the Singapore Exchange late on Thursday night (Oct 15). Both departures are with immediate effect.

Earlier on Thursday morning, New Silkroutes had announced that its auditor Deloitte & Touche had issued a disclaimer of opinion on the financial statements of the group for the financial year ended June 30.

On Sept 30, the company disclosed that Dr Goh, the son of former Singapore prime minister Goh Chok Tong, and Mr Teo were under probe by the CAD over a possible offence under the Securities and Futures Act. New Silkroutes said then that it understands that the alleged offence is false trading and market rigging to do with past share buy-backs and acquisitions of shares.

Dr Goh is also being sued by the judicial managers of an unrelated firm - oil trader Inter-Pacific Petroleum - over US$156 million (S$212.2 million) in losses it sustained due to his alleged breach of duties when he was its director.

His resignation as New Silkroutes non-independent and non-executive chairman comes just over a week after he quit as chairman of a separate listed company, CordLife Group.

In its own filing late on Thursday night after those of New Silkroutes, CordLife announced that Dr Goh has also resigned as an independent director with immediate effect.

Dr Goh was New Silkroutes' CEO from July 2015 till Oct 1 this year, when he took over as chairman in a move announced in July.

Mr Kelvyn Oo Cheong Kwan, New Silkroutes' former chief corporate officer and executive director, is also assisting with the CAD probe. Mr Oo had resigned from the company on Aug 1 to "pursue personal interest and other opportunities".

 

[nayr69sg]

#4
Why is it that no one resigned when time$ were good to "pursue personal interest" and "spend more time with family", but everyone resign for these reasons when shit hits the fan?

Dr Goh quit "to devote more time to his personal affairs", while Mr Teo stepped down "to focus on personal matters and to pursue other interests", the mainboard-listed healthcare firm said in separate filings with the Singapore Exchange late on Thursday night (Oct 15).
Mr Kelvyn Oo had resigned from the company on Aug 1 to "pursue personal interest and other opportunities".

Goh Jin Hian resigns as New Silkroutes chairman amid CAD probe

Dr Goh Jin Hian was New Silkroutes' CEO from July 2015 till Oct 1 this year, when he took over as chairman in a move announced in July.PHOTO: BUSINESS TIMES
Ann Williams

SINGAPORE - New Silkroutes Group has announced the resignations of its chairman Goh Jin Hian and finance director William Teo Thiam Chuan, both of whom are assisting the Singapore Police's Commercial Affairs Department with investigations.

Dr Goh quit "to devote more time to his personal affairs", while Mr Teo stepped down "to focus on personal matters and to pursue other interests", the mainboard-listed healthcare firm said in separate filings with the Singapore Exchange late on Thursday night (Oct 15). Both departures are with immediate effect.

Earlier on Thursday morning, New Silkroutes had announced that its auditor Deloitte & Touche had issued a disclaimer of opinion on the financial statements of the group for the financial year ended June 30.

On Sept 30, the company disclosed that Dr Goh, the son of former Singapore prime minister Goh Chok Tong, and Mr Teo were under probe by the CAD over a possible offence under the Securities and Futures Act. New Silkroutes said then that it understands that the alleged offence is false trading and market rigging to do with past share buy-backs and acquisitions of shares.

Dr Goh is also being sued by the judicial managers of an unrelated firm - oil trader Inter-Pacific Petroleum - over US$156 million (S$212.2 million) in losses it sustained due to his alleged breach of duties when he was its director.

His resignation as New Silkroutes non-independent and non-executive chairman comes just over a week after he quit as chairman of a separate listed company, CordLife Group.

In its own filing late on Thursday night after those of New Silkroutes, CordLife announced that Dr Goh has also resigned as an independent director with immediate effect.

Dr Goh was New Silkroutes' CEO from July 2015 till Oct 1 this year, when he took over as chairman in a move announced in July.

Mr Kelvyn Oo Cheong Kwan, New Silkroutes' former chief corporate officer and executive director, is also assisting with the CAD probe. Mr Oo had resigned from the company on Aug 1 to "pursue personal interest and other opportunities".

WTF is a "Healthcare and Energy" company?

Manage medical and dental clinic and trade oil?

Where is the synergy?

simi lan jiao company?

 

[Leongsam]

I need to quit this forum to spend more time with the family.

 

[bobby]

A 55 yo man would have grown up chewren and a wife that has menopause...what family time he wants ?

As if his PA job is 24/7....and involves traveling the last 6 months ?

 

[LITTLEREDDOT]

#5
Mr Oo, 49, quit due to a "change of personal focus to spend more time on community work and professional career development", said Catalist-listed Teho in a bourse filing on Friday night.

They don't spend more time on community work and professional career development when time$ were good, they do so only when shit hits the fan.


Teho director resigns amid CAD probe involving New Silkroutes

PUBLISHED
OCT 19, 2020, 10:10 AM SGT


SINGAPORE (THE BUSINESS TIMES) - Teho International independent director Kelvyn Oo, who is assisting with the Commercial Affairs Department's (CAD) investigation involving another company, resigned last Friday (Oct 16).

Mr Oo, 49, quit due to a "change of personal focus to spend more time on community work and professional career development", said Catalist-listed Teho in a bourse filing on Friday night.

He was also the chairman of the firm's nominating committee and a member of the audit committee and remuneration committee.

Last month, Teho disclosed that Mr Oo is assisting with a CAD probe in relation to mainboard-listed healthcare provider New Silkroutes, where he had been executive director and chief corporate officer until he left on Aug 1.

The CAD is looking into a possible offence under Chapter 289 of the Securities and Futures Act. New Silkroutes has said it understands that the alleged offence is false trading and market rigging in view of past share buybacks and share purchases.

Also assisting with the investigation are New Silkroutes' former chairman Goh Jin Hian and former finance director, who both quit last week.

The probe is not related to Teho and therefore will not affect its business and operations, Teho had said earlier.

Teho, which provides solutions for the marine, offshore, construction and real estate industries, on Friday said it is identifying a suitable candidate to replace Mr Oo, and will fill the vacancy in its audit committee by Jan 16, 2021.

"Notwithstanding the above, the company confirms that the audit committee is able to function effectively for the time being," it added.

Shares of Teho last traded at 4.5 cents on Oct 15.

 

[Leongsam]

I also need to spend more time with the dog.

 

[sweetiepie]

KNN my uncle think next time when company want to fire or Leetrench employees they should also say you should spend more time with family KNN

 

[laksaboy]

KNN my uncle think next time when company want to fire or Leetrench employees they should also say you should spend more time with family KNN

If no family it should be '...to pursue personal interests'.

 

[sweetiepie]

I also need to spend more time with the dog.

KNN you could also say my dog asked me to spend more time with him KNN

 

[LITTLEREDDOT]

"personal reasons" and "pursue other opportunities" are also euphemisms for "I am jumping ship!"

Singapore Kitchen Equipment CFO Chow Mei Ling resigns​

Yong Jun Yuan

AUG 20, 2021


SINGAPORE (THE BUSINESS TIMES) - Catalist-listed Singapore Kitchen Equipment's (SKE) chief financial officer (CFO) Chow Mei Ling tendered her resignation for the role on Aug 8, the company said in a regulatory filing on Thursday (Aug 19).
She cited personal reasons, as well as her intention to pursue another career opportunity, for her resignation.
SKE's board said that it had accepted Ms Chow's resignation after considering it was satisfied that her stepping down would not affect the ongoing statutory audit of the company's financial statements and the continuity of its financial management.
Ms Chow's last day of employment will be Aug 31, following which financial controller Serine Yeo Ngen Huay will assume the role of CFO from Sept 1.
SKE noted that since her appointment on June 3, Ms Yeo has worked with Ms Chow and undertaken all aspects of financial management at the company as well as the ongoing financial year 2020 statutory audit, and that the company will ensure proper handover from Ms Chow to Ms Yeo during the transition period.
The company's nominating committee reviewed Ms Yeo's experience and ability before the board approved her redesignation to CFO.

The announcement comes after auditors flagged eight transactions in SKE's accounts in relation to an altered bank statement and reported the company to the Minister for Finance on July 30.
The transactions, which took place between SKE and its major shareholder QKEH, were listed in a debit note QKEH issued to SKE that amounted to some $1.4 million. Approval for payment of this debit note had not been sought from SKE’s board.
SKE has said this sum was subsequently refunded to it in March and August this year, following the discovery of the irregularities.
Slightly more than half this sum went to employee bonuses paid out in January 2019, while somne went to payments for a staff incentive trip, office rental and donations.
There was also a substantial amount of some $323,140, however, paid to an unrelated third party called Activa Media, which purportedly provided Facebook advertising, for which it charged $295,320 to SKE’s wholly-owned subsidiary Q’son Kitchen Equipment.
Trading of SKE's shares has been halted since Aug 2.

 

[mojito]

"personal reasons" and "pursue other opportunities" are also euphemisms for "I am jumping ship!"

Singapore Kitchen Equipment CFO Chow Mei Ling resigns​

Yong Jun Yuan

AUG 20, 2021


SINGAPORE (THE BUSINESS TIMES) - Catalist-listed Singapore Kitchen Equipment's (SKE) chief financial officer (CFO) Chow Mei Ling tendered her resignation for the role on Aug 8, the company said in a regulatory filing on Thursday (Aug 19).
She cited personal reasons, as well as her intention to pursue another career opportunity, for her resignation.
SKE's board said that it had accepted Ms Chow's resignation after considering it was satisfied that her stepping down would not affect the ongoing statutory audit of the company's financial statements and the continuity of its financial management.
Ms Chow's last day of employment will be Aug 31, following which financial controller Serine Yeo Ngen Huay will assume the role of CFO from Sept 1.
SKE noted that since her appointment on June 3, Ms Yeo has worked with Ms Chow and undertaken all aspects of financial management at the company as well as the ongoing financial year 2020 statutory audit, and that the company will ensure proper handover from Ms Chow to Ms Yeo during the transition period.
The company's nominating committee reviewed Ms Yeo's experience and ability before the board approved her redesignation to CFO.

The announcement comes after auditors flagged eight transactions in SKE's accounts in relation to an altered bank statement and reported the company to the Minister for Finance on July 30.
The transactions, which took place between SKE and its major shareholder QKEH, were listed in a debit note QKEH issued to SKE that amounted to some $1.4 million. Approval for payment of this debit note had not been sought from SKE’s board.
SKE has said this sum was subsequently refunded to it in March and August this year, following the discovery of the irregularities.
Slightly more than half this sum went to employee bonuses paid out in January 2019, while somne went to payments for a staff incentive trip, office rental and donations.
There was also a substantial amount of some $323,140, however, paid to an unrelated third party called Activa Media, which purportedly provided Facebook advertising, for which it charged $295,320 to SKE’s wholly-owned subsidiary Q’son Kitchen Equipment.
Trading of SKE's shares has been halted since Aug 2.

This one look like the books were a little overcooked, dot.

 

[LITTLEREDDOT]

Chua Hwee Song resigns as SPH CFO and from SPH Reit board​

SPH said that Mr Chua Hwee Song is leaving the company to pursue his personal interests. PHOTO: ST FILE
Yong Jun Yuan

July 7, 2022

SINGAPORE (THE BUSINESS TIMES) - SPH Reit on Wednesday (July 6) announced that Mr Chua Hwee Song will resign on Friday as chief financial officer of Singapore Press Holdings (SPH), the real estate investment trust's (Reit) sponsor.
According to a separate internal e-mail seen by The Business Times, SPH said that he is leaving the company to pursue his personal interests.
The company noted that Mr Chua, 54, had helped to grow its non-media business, such as the building of the company's purpose-built student accommodation portfolio across 30 properties in 18 countries.
"He also played a key role in (the) successful spin-off of the media business to SPH Media Trust and the subsequent privatisation of SPH by Cuscaden Peak," it said.
In its bourse filing, the Reit's manager said that Mr Chua has also resigned as non-executive non-independent director of SPH Reit's manager as of Wednesday.
He was formerly a member of the manager's nominating and remuneration committee and holds 3,910 SPH Reit units.
This comes after Cuscaden Peak, a consortium comprising Hotel Properties, businessman Ong Beng Seng and two Temasek-linked entities CLA and Mapletree, took SPH private and made an offer to acquire SPH Reit for 93.72 cents per unit in April this year.

On June 30, the chain offer for SPH Reit closed with valid acceptances in respect of 402.9 million units, representing about 14.36 per cent of total issued units. This brought Cuscaden and its concert parties' stake in the Reit to 61.68 per cent.
Units of SPH Reit closed down two cents, or 2.2 per cent, at 89 cents on Wednesday.

 

[LITTLEREDDOT]

Shen Yao director charged by CPIB; resigns citing health reasons​

The charges by the Corrupt Practices Investigation Bureau on the company director relate to offences under the Employment of Foreign Manpower Act. ST PHOTO: DESMOND WEE
Michelle Zhu

DEC 1, 2023

SINGAPORE – An independent director of Shen Yao Holdings has resigned with immediate effect due to “health reasons”, just slightly over a month into his role.
In conjunction with news of his resignation on Nov 30, the gold miner and explorer said its now-former director Pek Choon Lee was charged by the Corrupt Practices Investigation Bureau’s principal special investigator with three offences under the Employment of Foreign Manpower Act on Nov 28.
All three offences are under Section 22(1)(ii) of the Act, which relates to providing false or misleading information regarding employment; giving, selling, forging or unlawfully altering a work pass; and using or possessing any forged or unlawfully altered work pass, or one that is issued to another person.
Offences under this section carry a fine of not more than $15,000, imprisonment of no more than 12 months, or both.
Shen Yao said the charges concern Pek’s “private affairs” and are “wholly unrelated” to the company.
Its shares have been suspended from trading since March 2023. THE BUSINESS TIMES

 

[LITTLEREDDOT]

He succeeds Ms Tan Poh Lan, who resigned in October 2023 to “pursue personal interests”, said the healthcare group in a bourse filing.

Cordlife names former TransGlobal exec director Yiu Pang Fai as new group CEO​

The change in leadership comes while Cordlife is serving a six-month suspension. PHOTO: ST FILE
Megan Cheah

FEB 20, 2024

SINGAPORE - Private cord blood bank Cordlife Group on Feb 19 announced that it has appointed Mr Yiu Pang Fai as its next group chief executive officer with immediate effect.
He succeeds Ms Tan Poh Lan, who resigned in October 2023 to “pursue personal interests”, said the healthcare group in a bourse filing.
The company disclosed that Mr Yiu’s brother, Mr Yiu Ming Yiu, is a non-independent, non-executive director of Cordlife.
In addition, Mr Yiu’s father, Mr Yiu Chi Shing, and his mother, Ms Lui Yim Sheung, are deemed interested in the shares of Cordlife held by TransGlobal Real Estate Group, which is a controlling shareholder of the healthcare group.
Cordlife’s latest annual report noted that TransGlobal Real Estate has a 27.9 per cent stake in the company as at March 20, 2023.
Before his appointment as Cordlife’s group CEO, Mr Yiu Pang Fai was an executive director of TransGlobal Group’s family office division in Hong Kong.
He has also held executive positions at Popular Holdings, Sichuan Chengmian Expressway and Hebei Shitai Expressway, said Cordlife.


“Before joining TransGlobal Group, Mr Yiu served as an investment manager at Macquarie Infrastructure and Real Assets in Singapore,” noted the company.
It added that he had “executed high-profile deals”, such as the acquisition of petrochemical tank storage provider Oiltanking Singapore Chemical Storage, during his time at Macquarie.
Cordlife’s board said that after considering the recommendation of the nominating committee and assessing Mr Yiu’s qualification and experience, it was of the view that he had the requisite experience and capability to be group CEO.

Ms Tan’s last day as group CEO was previously announced to be March 31.
She and the company have since agreed that Feb 19 would be when she ceases being executive director and group CEO, although she will work with Mr Yiu to facilitate “the smooth transition of the leadership of the company” until March 31.
The change in leadership comes while Cordlife is serving a six-month suspension from collecting, testing, processing and/or storing new cord blood and human tissue.
The suspension was issued by the Ministry of Health (MOH) in November 2023 after an audit found that the private cord blood bank had exposed cryo-preserved cord blood units in seven tanks at suboptimal temperatures of above -150 deg C.
At the time, the cord blood units in one of the seven tanks were confirmed to have been damaged.
The 2,200 cord blood units in the tank belong to at least 2,150 clients.
In January, MOH said the final results of the tests on Cordlife’s impacted cord blood units will be ready by end-March.
The ministry also found three other process lapses at Cordlife and said it would require the healthcare group to rectify these issues by end-May.
Cordlife began serving its six-month suspension from Dec 15. Its accreditation by the Foundation of the Accreditation of Cellular Therapy has also been suspended indefinitely.
Cordlife shares ended unchanged at 30 cents on Feb 19, before the announcement. THE BUSINESS TIMES

 

[Scrooball (clone)]

The PA announced in a press release on Friday (June 5) that current deputy chief executive Lim Hock Yu, 55, will succeed Mr Tan, 49.

Older man taking over from a younger man. That tells us something right ?

"I have some plans in mind and (these) will firm up in time. I also hope to continue to serve the community in other capacities. In the meantime, I will be spending more time with my family," he said in an e-mail.

So basically if not retiring, any other reasons given is just bullshit. He probably got asked to F off!