Mon, May 18, 2020 - 10:30 PM ALUMINIUM supplier Soon Lian on Monday said that Tony Tan Yee Chin resigned as company chairman and chief executive
Mon, May 18, 2020 – 10:30 PM
ALUMINIUM supplier Soon Lian on Monday said that Tony Tan Yee Chin resigned as company chairman and chief executive following differences in opinion he had with two executive directors regarding the execution of the group’s strategic direction in the area of resource allocation and cost management.
The two executive directors, Tan Yee Ho and Tan Yee Leong, have since been appointed the company’s chairman and chief executive respectively.
Soon Lian was responding to queries from the Securities Investors Association (Singapore), which was seeking elaboration on the “differences in views” between the parties.
The company also said that under the new leadership, the company will strengthen its partnerships with its stakeholders, scrutinise debt collection to manage cashflow, review purchasing strategies and ensure effective inventory management.
“With erratic market conditions, low historical oil prices, geopolitical challenges and currency fluctuations present in the foreseeable future, the company recognises that it is vital to prioritise stability before growth. The company will safeguard a healthy cash flow position…