Wednesday, July 17, 2013

See Hup Seng

See Hup Seng: Key executives from subsidiary TAT Petroleum have formally expressed their disappointment to the Board of Directors, regarding the proposal to remove Jimmy Tan, Chairman of TAT, as Managing Director of See Hup Seng. Should Jimmy be ousted at the upcoming EGM to be held 22 Jul, the executives are “doubtful” that they will remain in TAT, citing the lack of direction for TAT’s future. There were previously disagreements between Jimmy and See Hup Seng’s founder and then-chairman Thomas Lim on how to grow the company, which led to the latter stepping down at the company.

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