As at 9.25 am, the counter has fallen to S$1.64, 4.7% below its Friday closing price
[SINGAPORE] Shares of AEM fell on Monday (Jul 28) after the semiconductor test solutions provider announced that its CEO has resigned.
As at 9.25 am, the counter fell to S$1.64, 4.7 per cent or S$0.08 lower its Friday closing price of S$1.72, with some 2.3 million shares changing hands.
By 11.46 am, it inched back up to S$1.66, down S$0.06 or 3.5 per cent from Friday, with some 4.6 million shares transacted.
This comes on the back of a leadership change. AEM’s former chief executive officer Amy Leong resigned from the role on Sunday after holding the post for only slightly more than a year.
Samer Kabbani, who was formerly AEM’s president and chief technology officer, has risen to helm company as CEO.
To assist with the transition, Leong will continue as a senior adviser to AEM.
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