Gracefield Holdings Limited. Mr Chia founded Hup Soon
Global, which is principally engaged in the marketing and
distribution of automotive aftermarket products, industrial
equipment and supplies as well as battery manufacturing.
CHANGES TO THE EXECUTIVE TEAM
Mr Yap Chee Keong stepped down as Executive Director
at the end of August 2014. Mr. Yap assumed the executive
role with the Company in January 2013 to assist with some
significant projects that were being undertaken at that time
including the WBL transactions and the formation of the
Far East Hospitality platform. We wish to record our deep
appreciation for his leadership and valuable insights during
his executive tenure with the Company. He remains on the
Board as a Non-Executive Director.
We would also like to welcome Mr Desmond Tang as
Chief Executive of Straits Real Estate. Mr Tang is a veteran in
the real estate and asset management industry and was the
former co-head and managing director of Alpha Investment
Partners, the real estate fund management arm of
Keppel Land.
LOOKING AHEAD
As we look ahead to 2015, we are cautiously optimistic on
the prospects for the global economy. We are confident
that the Company’s disciplined approach to managing and
investing, as well as its strong platforms of growth, should
equip Straits Trading to deal with any potential challenges
and seize any opportunities that lie ahead.
Last but not least, we would like to thank you, our
shareholders, for your support and trust. We also want to
thank our fellow directors and employees at Straits Trading
and its subsidiaries for their dedication, guidance and
commitment.
CHEW GEK KHIM
Executive Chairman
23 March 2015
9
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
