Shares in Singaporean offshore player and shipyard owner Vallianz Holdings fell half on the Singapore Stock Exchange (SGX) this morning following last night’s announcement that chairman and executive director Raymond Kim Goh had resigned for health reasons.
Vallianz shares closed on Wednesday at SGD 0.04 ($0.029) and immediately dropped to SGD 0.02 upon the SGX’s opening of trade on Thursday.
By lunchtime more than 170m Vallianz shares had changed hands, making it the SGX’s most actively traded stock
Goh, who is also the founder and executive chairman of Swiber Holdings, cited health concerns when announced his departure from Vallianz on Wednesday evening.
Vallianz
