Hyflux appoints new lead independent director

He succeeded Teo Kiang Kok who will still be the non-executive independent director.

Hyflux has appointed Hong Pian Tee as a director and lead independent director with effect from 16 June, an SGX filing revealed.

Teo Kiang Kok will step down from his position as the lead independent director, but will continue to be a non-executive independent director in Hyflux, for the purpose of Rule 704(8) of the SGX-ST Listing Manual.

Hong was a partner of PricewaterhouseCoopers and managing director of PricewaterhouseCoopers Intrust Limited from 1985 to 1999. His experience and areas of expertise since 1977 are in corporate advisory, financial reconstruction and corporate insolvencies.

He has been a corporate/financial advisor to clients with businesses in Singapore and Indonesia and in addition was engaged in the restructuring of companies operating in Taiwan, Indonesia and Malaysia.

Hong is also the chairman and executive director of Pei Hwa Foundation of companies listed in SGX-ST. He is also the lead independent director of XMH Holdings and Sinarmas Land, as well as the independent director of Yanlord Land Group.