Home News Featured News After Goh Jin Hian’s resignation, New Silkroutes appoints Darrell Lim as acting...

After Goh Jin Hian’s resignation, New Silkroutes appoints Darrell Lim as acting chairman

New chief was formerly the head of investor relations at the Singapore Exchange

Author

Date

Category

- Advertisement -

Singapore — In the latest development concerning the New Silkroutes Group, the healthcare provider announced on Tuesday night (Oct 20) that it had appointed Mr Darrell Lim Chee Lek as acting independent non-executive chairman of the board with effect from the same day.

Mr Lim takes over from Dr Goh Jin Hian, the son of former Prime Minister Goh Chok Tong. Dr Goh had announced on Thursday night (Oct 15) that he had resigned as chairman.

Dr Goh’s role as non-independent and non-executive chairman had been announced earlier this year. He had been with the company since July 2015.

Mr Lim was appointed to the board on Aug 1, 2020, as an independent non-executive director, and became lead independent director this month. He was formerly the head of investor relations at the Singapore Exchange.

- Advertisement -

According to a report in Business Times, other members of the board include executive director Shen Yuyun, independent non-executive director Vivien Chen Chou Mei Mei, non-independent non-executive director Andrew Chua Soon Kian, and independent non-executive director Alex Chua Siong Kiat.

These developments follow the announcement by the Commercial Affairs Department (CAD) that it had launched an investigation against the company last month over a possible breach of securities laws.

The company said it understands that the alleged offence is false trading and market rigging pursuant to Section 197 of the Securities and Futures Act in view of past share buy-backs and acquisitions of shares.

Both Dr Goh, who was the chief executive officer and executive director until he became chairman on Oct 1, as well as finance director William Teo are involved in the CAD investigation.

The passports of both men have been impounded by the CAD although neither person has been arrested or charged.

Only two weeks ago, the company said it had no plans to suspend Dr Goh and Mr Teo from their duties and made special mention of Dr Goh’s contributions to the firm. Dr Goh’s transition from company CEO and chairman also took place as planned despite the probe.

In Singapore Exchange filings late on Thursday night (Oct 15), the company revealed that both Dr Goh and Mr Teo had resigned from their posts with immediate effect.

It said that Dr Goh resigned “to devote more time to his personal affairs”, while Mr Teo quit “to focus on personal matters and to pursue other interests”.

Another director who recently left the company is Mr Kelvyn Oo. He is also assisting with the CAD probe. /TISGFollow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Cap of 5 people for social gatherings and household visits; Lawrence Wong warns of possibility of another circuit breaker

Singapore -- Octets out, quintets in. Social gatherings will be limited to five people, no more groups of eight. New restrictions are coming into place from May 8 to May 30 to curb the Covid-19 spike in Singapore. The new restrictions will take...

MOH asks hospitals to delay non-urgent surgeries to conserve resources for Covid patients

Singapore— With Covid-19 cases rising, the Ministry of Health (MOH) asked hospitals on Monday (May 3) to delay non-urgent surgeries and give priority to the treatment of Covid patients. In a statement, MOH said it is "working closely with all public and...

5 KTPH staff disciplined for ‘error’ that led to unnecessary treatment of breast cancer patients 

Singapore—Five staff members of Khoo Teck Puat Hospital (KTPH) have been disciplined for a laboratory incident that led to inaccurate test results and unnecessary treatment for some breast cancer patients. The staff members were disciplined for "not adequately performing their duties and...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent