Seroja Investments' Director retires

Basil Chan acted as Chairman of the Audit Committee and member of the Nominating and Remuneration Committees of the Company.

The Board of Seroja Investments announced the retirement of Basil Chan as Director.

Mr Chan, 61, retired by rotation pursuant to Article 99 of the Articles of Association of the Company and did not seek re-election at the Company's Annual General Meeting which was held on 24 April 2012, according to a Seroja Investments report.

He acted as Chairman of the Audit Committee and member of the Nominating and Remuneration Committees of the Company in accordance with the terms of reference of the respective committees and as a board member, exercised joint and several responsibilities with the Board of Directors of the Company.