SHARES of AEM dropped as much as 6.6 per cent as at Friday’s (May 31) midday trading break, after the resignation of its current chief executive Chandran Nair, which was announced the day before.
As at 12.32 pm, the counter was trading down S$0.13 at S$1.83 with 5.1 million shares changing hands. The last time it closed at this level was April 2020.
The semiconductor player said on Thursday after the market closed that Nair, who was appointed CEO in 2020, resigned to “pursue other personal interests”. His resignation will take effect from Jun 30.
