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PR Newswire
30-06-2024, 10:19 PM
It appears there were lessons learnt .... cld the initiatives on the investment/fund mgmt business been better executed or it just takes time to accumulate the expertise / experience ?
In the meantime, the focus seems to be back to the Maritime space ...
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https://links.sgx.com/FileOpen/YZJFH%20E...eID=807374
"Mr Ren responded that following the spin-off from YSL, the Group initially focused on its investment and fund management business. The Group quickly realised that it lacked the same level of deep expertise and experience as compared with other established and leading global financial services firms like JPMorgan, Goldman Sachs Group, and Temasek. "
https://links.sgx.com/FileOpen/Change%20...eID=808009
"Effective 1 July 2024, Mr. Chen Timothy Teck Leng (“Mr. Chen”) and Mr. Xu Wen Jiong (”Mr. Xu”) will be appointed as Lead Independent Non-Executive Director and Independent Non-Executive Director, respectively.
The appointments are in line with the Group’s recently approved diversification to Maritime Services, Loan Services, Maritime Business, and Import and Export Business (collectively known as “New Businesses”) (refer to Circular dated 16 May 2024 for more information) as both Mr. Chen and Mr. Xu have prior experiences as directors in the maritime industry. "
In the meantime, the focus seems to be back to the Maritime space ...
-------------------
https://links.sgx.com/FileOpen/YZJFH%20E...eID=807374
"Mr Ren responded that following the spin-off from YSL, the Group initially focused on its investment and fund management business. The Group quickly realised that it lacked the same level of deep expertise and experience as compared with other established and leading global financial services firms like JPMorgan, Goldman Sachs Group, and Temasek. "
https://links.sgx.com/FileOpen/Change%20...eID=808009
"Effective 1 July 2024, Mr. Chen Timothy Teck Leng (“Mr. Chen”) and Mr. Xu Wen Jiong (”Mr. Xu”) will be appointed as Lead Independent Non-Executive Director and Independent Non-Executive Director, respectively.
The appointments are in line with the Group’s recently approved diversification to Maritime Services, Loan Services, Maritime Business, and Import and Export Business (collectively known as “New Businesses”) (refer to Circular dated 16 May 2024 for more information) as both Mr. Chen and Mr. Xu have prior experiences as directors in the maritime industry. "