|SINWA LIMITED's driving force and controlling shareholder, Mike Sim Yong Teng, 71, re-assumed the role of executive chairman (on 8 Jan 2016) after three years of being disqualified from holding any directorship in a company.
In Oct 2012, the court convicted him of insider trading. Sinwa then appointed him as a 'consultant'.
His executive chairman's seat was filled by Ms Tan Lay Ling who retains her executive director position and is redesignated as chief operating officer of the company.
Over the past 30 years or so, Mr Mike Sim led the company from a nondescript family ship-supply business to become Singapore’s leading offshore, marine and logistics supply and services group, with operations in Australia, China and Malaysia.
Its 9M2015 revenue grew 7.8% year-on-year to S$122.7 million. Net profit rose 6.1% to S$7.7 million.