CosmoSteel CEO resigns

The CEO cited personal reasons for his departure.

Ong Tong Hai, CEO of CosmoSteel Holdings Limited, has resigned citing personal reasons.

Ong has been with the company since 1998 and will continue to serve as CEO until 31 December 2025.

The news comes after Evolve Capital Advisory Private Limited declared the revised offer by 3HA Capital unconditional in all respects
On May, 3HA Capital Private Limited offered $0.20 per share for all of CosmoSteel’s issued and paid-up ordinary shares. The offeror then raised it to $0.25.

On a bourse filing on 7 July, the offer was then declared unconditional after the minimum acceptance condition of the offer has been satisfied.

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