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    V03   SG0531000230

VENTURE CORPORATION LIMITED

(V03)
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Venture : Appointment of Chief Operating Officer

12/18/2020 | 04:55am EDT

MR LEE GHAI KEEN PROMOTED TO CHIEF OPERATING OFFICER

EFFECTIVE 1 JANUARY 2021

NEWLY CREATED ROLE TO ENHANCE BENCH STRENGTH AND THE EXECUTIVE LEADERSHIP OF THE SENIOR MANAGEMENT TEAM

SINGAPORE, 18 DECEMBER 2020 - Venture Corporation Limited ("Venture" or "the Group") today announced the promotion of Mr Lee Ghai Keen to Chief Operating Officer ("COO") with effect from 1 January 2021.

In this newly created COO role, Mr Lee will oversee group operations across Venture's business sectors including Technology Products & Solutions ("TPS") where he currently assumes the Executive Vice President position, as well as Venture's Research and Development ("R&D") Labs. Mr Lee will continue to report to the Group's Chairman and Chief Executive Officer ("CEO"), Mr Wong Ngit Liong.

Mr Lee Ghai Keen joined the Group in March 1998 and was appointed to his current position in 2012. Over the years, Mr Lee displayed his astute business acumen and demonstrated excellent leadership, which was exemplified by the growth of the TPS business in several fast-growing technology domains. He is a valuable asset to Venture's bench strength with his rich R&D experience, proven by the seven US design patents under his name.

Mr Lee holds a Bachelor of Science degree in Mechanical Engineering from the University of Glasgow, United Kingdom and a Master of Business in IT degree from the Royal Melbourne Institute of Technology, Australia.

In the post-Covid 19 operating paradigm, it is imperative that Venture maintains its leading-edge competitiveness through its differentiating capabilities and diverse expertise. With the creation of a dedicated COO role under the continuing stewardship of the Chairman and CEO, Venture will sharpen its focus on the ongoing transformation of its differentiating business model, to drive the long-term growth of Venture towards new heights of excellence.

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For more information, please contact: Ms Karin Xiao

Senior Manager, Investor Relations & Corporate Communications Venture Corporation Limited

Tel : +65 6484 8136

E-mail :karin.xiao-kl@venture.com.sg

ABOUT VENTURE (www.venture.com.sg)

Venture Corporation Limited ("Venture" or the "Group") was founded in 1989 as an electronic services provider after the merger of three companies. Today, it is a leading global provider of technology solutions, products and services with established capabilities spanning marketing research, design and development, product and process engineering, design for manufacturability, supply chain management, as well as product refurbishment and technical support across a widely diversified range of technology domains.

Headquartered in Singapore, the Group comprises more than 30 companies with global clusters in Southeast Asia, Northeast Asia, America and Europe and employs over 12,000 people worldwide.

The Group has built know-how and intellectual property with expertise in several technology domains. These include life science, genomics, molecular diagnostics, medical devices and equipment, healthcare and wellness technology, lifestyle consumer technology, health improvement products, instrumentation, test and measurement technology, networking and communications, fintech, as well as computing, printing and imaging technology. The Group manages a portfolio of more than 5,000 products and solutions and continues to expand into new technology domains through its collaborations with customers and partners in selected ecosystems of interest.

Venture is a strategic partner of choice for over 100 global companies including Fortune 500 corporations. It ranks among the best in managing the value chain for leading electronics companies. The Group is committed to enhancing its competencies through further investments in technologies, market access capabilities, its people and expanding connectivity with other enterprises and research-intensive organisations/institutions in its ecosystem of interests. It stands poised to provide the leading edge and remain relevant in a constantly changing and evolving world.

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This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Venture Corporation Ltd. published this content on 18 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 December 2020 09:54:08 UTC


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Financials
Sales 2021 3 215 M 2 378 M 2 378 M
Net income 2021 328 M 243 M 243 M
Net cash 2021 1 036 M 766 M 766 M
P/E ratio 2021 16,0x
Yield 2021 4,21%
Capitalization 5 271 M 3 902 M 3 898 M
EV / Sales 2021 1,32x
EV / Sales 2022 1,20x
Nbr of Employees 12 000
Free-Float 91,2%
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Mean consensus BUY
Number of Analysts 14
Last Close Price 18,14 SGD
Average target price 21,56 SGD
Spread / Average Target 18,8%
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Managers and Directors
Ngit Liong Wong Chairman & Chief Executive Officer
Chee Kwoon Ng Chief Financial Officer
Chee Kheong Wong Senior Vice President-Healthcare & Wellness IT
Lee Ghai Keen Chief Operating Officer
Lee Boon Koh Lead Independent Non-Executive Director