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On 2 Jun 26, CSE Global announced that Mr Tan Chian Khong resigned as Lead Independent Director (ID). The stated reason was “unresolved differences of views with regards to working with controlling shareholders”. Mr Tan simultaneously vacated two committee chairmanships, the Audit and Risk Committee (ARC) and the Nominating Committee (NC), leaving the board with three roles to fill. No further details have been provided by the company or the departing director.
- - Read this at SGinvestors.io -
What does this mean?
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Mr Tan’s seven-year tenure (appointed 19 Feb 19) was short of SGX’s nine-year independence limit. The board has stated that it will identify replacement candidates and review committee composition, and notably characterised management as “the key value drivers for the company”.
- - Read this at SGinvestors.io -
Our assessment.
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We acknowledge the governance gap, but maintain our investment thesis on the following observations:
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-06-09
Previous report by UOB:
2026-05-18 CSE Global - Expect Softness In 1H26 But Long-term Outlook Remains Rosy.Price targets by 2 other brokers at CSE Global Target Prices.
Listing of research reports at CSE Global Analyst Reports.
Relevant links:
CSE Global Share Price History,
CSE Global Announcements,
CSE Global Dividend Payout Dates & Corporate Actions,
CSE Global News
