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The latest announcement is out from SBS Transit Ltd ( (SG:S61) ).
SBS Transit Ltd has announced changes to its Board and Board Committees, with Mr. Desmond Choo stepping down due to his appointment as Minister of State for the Ministry of Defence of Singapore. The company expressed gratitude for Mr. Choo’s contributions, particularly in navigating the public transport industry’s evolving landscape. Additionally, Mr. Lim Tien Hock will cease to be a Non-Independent Executive Director, leading to a restructured board composition effective from June 2025, which will include a majority of Independent Non-Executive Directors.
More about SBS Transit Ltd
SBS Transit Ltd is a public transport service provider in Singapore, focusing on bus and rail services. The company plays a significant role in the country’s public transportation infrastructure, contributing to the connectivity and mobility of commuters.
Average Trading Volume: 156,350
Technical Sentiment Signal: Buy
Current Market Cap: S$856.5M
See more insights into S61 stock on TipRanks’ Stock Analysis page.