Three WBL Corporation directors step down

Mark Christopher Greaves; Benjamin C. Duster, IV; and Peter Eng Hsi Ko decided to resign after movements in the shareholders of the company.

The Board of WBL Corporation announced the resignation of Mark Christopher Greaves; Benjamin C. Duster, IV; and Peter Eng Hsi Ko as non-executive directors.

Mr Greaves, 56, has decided to step down as he was a nominee of The Straits Trading Company Limited which ceased to be a shareholder of the Company.

He was also a member of Nominating and Risk Committees.

He was appointed to the post 10 January 2012, according to a .

Meanwhile, Mr Duster, 52, and Mr Eng, 48, has decided to step down following the close of the UE Offers, the majority shareholder, UE Centennial Venture Pte Ltd, a wholly-owned subsidiary of United Engineers Limited, intends to reconstitute the Board.

Mr Duster was also a member of Audit Committee and Mr Eng, of Remuneration and Risk Committees.

Mr Duster was appointed to the post 19 April 2010, while Mr Eng on 1 August 2008.

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