Latest news with #Leong
The Star
2 days ago
- Business
- The Star
AEM CEO resigns a year after appointment
SINGAPORE: Semiconductor testing equipment manufacturer AEM Holdings announces the resignation of its chief executive officer (CEO) Amy Leong. Leong, who held the post for slightly more than a year, will be replaced by Samer Kabbani, the group's president and chief technology officer, with effect from yesterday. In a regulatory filing on July 27, AEM cited 'board-led leadership realignment for growth' as the reason for Leong's resignation. The filing indicated that there are no unresolved differences in opinion on material matters between Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting. To assist with the transition, Leong will continue as a senior adviser to AEM, the company said in the filing. Loke Wai San, non-executive chairman of AEM, said: 'Samer Kabbani brings a proven track record of commercial and technical excellence. 'His leadership is central to AEM's long-term strategy. Together with the broader AEM leadership team, the board is confident that the group will continue to deliver diversified growth through our innovative technology platforms.' Loke is also the founder and CEO of private equity fund adviser Novo Tellus Capital Partners. Kabbani, who has been with AEM since 2020, has led the development of the next-generation test technology road map, significantly growing the group's intellectual property assets – particularly in advanced active thermal control – and its product portfolio, AEM said. He was previously executive vice-president at Advantest and Astronics Test Systems, respectively. In his 14-year tenure at Cohu, Kabbani served in key senior management roles, including Delta Design Systems president. Kabbani is a 'prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection', as described on the AEM website. Before joining AEM, Leong was senior vice-president and chief commercial officer at California-based FormFactor. She has a master's in material science from Stanford University and a bachelor's degree in chemical engineering from the University of California at Berkeley. In May, AEM reported a 42.9% year-on-year rise in net profit to S$3.3mil for the first quarter of financial year 2025 ended March, as net profit margin improved. Revenue, though, was 8.7% lower at S$86mil against S$94.2mil for the year-ago period. AEM said this was in line with its first half revenue guidance of S$155mil to S$170miln, despite the uncertainties created by US President Donald Trump's tariff turmoil. The company said then that it was on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter. In June, AEM raised its revenue guidance for the first half of the financial year ending June 30 to between S$185mil and S$195mil, on the back of an unexpected pull-in of orders into financial year 2025. — The Straits Times/ANN
Borneo Post
2 days ago
- Business
- Borneo Post
Nam Cheong unveils Malaysia's first purpose-built multi-purpose support vessel at IEW 2025
Abang Johari (right) with Leong during the showcase of SKG 520 at IEW 2025 held here recently. KUCHING (July 28): Nam Cheong Group, Malaysia's largest offshore support vessel (OSV) builder and a leading integrated marine solutions provider, has unveiled the SKG 520, the country's first purpose-built multi-purpose support vessel (MPSV) owned by a Malaysian and Sarawakian company. The SKG 520 was showcased at the International Energy Week (IEW) 2025 held here recently and has attracted strong interest from key government leaders and industry players. The group in a statement said the SKG 520 is designed to serve both traditional oil and gas as well as the fast-growing renewable energy sectors. It features five modular configurations tailored for specific offshore operations, offering versatility. These include a geotechnical drilling rig for seabed surveys, a remote-operated vehicle system for underwater inspections, an air diving module for subsea work, a survey suite equipped with streamers and sonars, and a walk-to-work gangway for safe personnel transfer to offshore platforms. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg toured the SKG 520 exhibit at IEW, joined by Deputy Minister of Energy and Environmental Sustainability Datuk Dr Hazland Abang Hipni. The group added that its innovation stems from its success in retrofitting vessels for emerging energy markets. The SKG 520 concept draws from the SK Eonik, which was upgraded for offshore wind support and is now on a 2+2 year charter in Japan. This track record highlights Nam Cheong's global reach and adaptability. Group CEO Leong Seng Keat said the vessel reflects Nam Cheong's drive for engineering excellence and future-ready solutions. 'The SKG 520 is a testament to Nam Cheong Group's unwavering commitment to engineering excellence and our proactive approach in addressing the evolving demands of the global energy landscape. 'As Sarawak positions itself as a leader in the green hydrogen economy and offshore renewables, the SKG 520 stands ready as a versatile, purpose-built asset, proudly owned by a Malaysian and Sarawakian company, to support these critical developments both locally and internationally,' he said. Founder Tan Sri Datuk Tiong Su Kouk added that the vessel represents decades of shipbuilding progress rooted in Sarawak. 'The SKG 520 embodies our legacy of innovation and adaptability, showcasing the advanced capabilities of our Miri Dockyard and our skilled workforce. 'This vessel is not just a new build; it is a symbol of our dedication to providing integrated marine solutions that are truly future-ready,' he added. The SKG 520 will undergo its formal naming ceremony in August. MPSV nam cheong offshore support vessel OSV
Straits Times
3 days ago
- Business
- Straits Times
AEM CEO Amy Leong resigns a year after appointment
Find out what's new on ST website and app. Ms Amy Leong (left) with AEM chairman Loke Wai San. Ms Leong will continue as a senior adviser to the company to assist with the transition. SINGAPORE - Semiconductor testing equipment manufacturer AEM Holdings announced on July 27 the resignation of its chief executive officer Amy Leong on the same day. Ms Leong, who held the post for slightly more than a year, will be replaced by Samer Kabbani, the group's president and chief technology officer, from July 28. In a regulatory filing on the night of July 27, AEM cited 'board-led leadership realignment for growth' as the reason for Ms Leong's resignation. The filing indicated that there are no unresolved differences in opinion on material matters between Ms Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting. To assist with the transition, Ms Leong will continue as a senior adviser to AEM, the company said in a news release on Sunday. Loke Wai San, non-executive chairman of AEM, said: 'Samer Kabbani brings a proven track record of commercial and technical excellence. His leadership is central to AEM's long-term strategy. Together with the broader AEM leadership team, the board is confident that the group will continue to deliver diversified growth through our innovative technology platforms.' Mr Loke is also the founder and CEO of private equity fund adviser Novo Tellus Capital Partners. Top stories Swipe. Select. Stay informed. Singapore Sewage shaft failure linked to sinkhole; PUB calling safety time-out on similar works islandwide Singapore Workers used nylon rope to rescue driver of car that fell into Tanjong Katong Road sinkhole World Three dead, several injured after train derails in Germany Singapore Not feasible for S'pore to avoid net‑zero; all options to cut energy emissions on table: Tan See Leng Singapore With regional interest in nuclear energy rising, S'pore must build capabilities too: Tan See Leng Singapore New Mandai North Crematorium, ash-scattering garden to open on Aug 15 World US and EU clinch deal with broad 15% tariffs on EU goods to avert trade war Asia Displaced villagers at Thai-Cambodian border hope to go home as leaders set to meet for talks Mr Kabbani, who has been with AEM since 2020, has led the development of the next-generation test technology road map, significantly growing the group's intellectual property assets – particularly in advanced active thermal control – and its product portfolio, AEM said. He was previously executive vice-president at Advantest and Astronics Test Systems, respectively. In his 14-year tenure at Cohu, Mr Kabbani served in key senior management roles, including Delta Design Systems president. Mr Kabbani is a 'prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection', as described on the AEM website. Before joining AEM, Ms Leong was senior vice-president and chief commercial officer at California-based FormFactor. She has a master's in material science from Stanford University and a bachelor's degree in chemical engineering from the University of California at Berkeley. In May, AEM reported a 42.9 per cent year-on-year rise in net profit to $3.3 million for the first quarter of financial year 2025 ended March, as net profit margin improved. However, revenue was 8.7 per cent lower at $86 million against $94.2 million for the year-ago period. AEM said this was in line with its first-half revenue guidance of $155 million to $170 million, despite the uncertainty created by the tariff turmoil. The company said then that it is on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter. In June, AEM raised its revenue guidance for the first half of the financial year ending June 30 to between $185 million and $195 million, on the back of an unexpected pull-in of orders into FY2025.
Business Times
3 days ago
- Business
- Business Times
AEM CEO Amy Leong resigns a year after appointment; Samer Kabbani takes over with immediate effect
[SINGAPORE] Semiconductor testing equipment manufacturer AEM Holdings has announced the resignation of its chief executive officer Amy Leong, which took effect on Sunday (Jul 27). Leong, who held the post for slightly more than a year, will be replaced by Samer Kabbani, the group's president and chief technology officer, from Monday. In a regulatory filing on Sunday evening, AEM cited 'board-led leadership realignment for growth' as the reason for Leong's resignation. The filing indicated that there are no unresolved differences in opinion on material matters between Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting. To assist with the transition, Leong will continue as a senior adviser to AEM, the company said in a news release on Sunday. Loke Wai San, non-executive chairman of AEM, said: 'Samer Kabbani brings a proven track record of commercial and technical excellence. His leadership is central to AEM's long-term strategy. Together with the broader AEM leadership team, the board is confident that the group will continue to deliver diversified growth through our innovative technology platforms.' Loke is also the founder and CEO of private equity fund adviser Novo Tellus Capital Partners. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Kabbani, who has been with AEM since 2020, has led the development of the next-generation test technology road map, significantly growing the group's intellectual property assets – particularly in advanced active thermal control – and its product portfolio, AEM said. He was previously executive vice-president at Advantest and Astronics Test Systems, respectively. In his 14-year tenure at Cohu, Kabbani served in key senior management roles, including Delta Design Systems president. Kabbani is a 'prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection', as described on the AEM website. Before joining AEM, Amy Leong was senior vice-president and chief commercial officer at California-based FormFactor Inc. She has a master's in material science from Stanford University and a bachelor's degree in chemical engineering from the University of California at Berkeley. In May, AEM reported a 42.9 per cent year-on-year rise in its bottom line for the first quarter of FY2025 ended March, as net profit margin improved. The group announced a net profit of S$3.3 million, translating to a margin of 3.9 per cent for the period, compared with S$2.3 million and 2.5 per cent, respectively, for the first quarter of FY2024. However, revenue was 8.7 per cent lower at S$86 million against S$94.2 million for the year-ago period. AEM said this was in line with its first-half revenue guidance of S$155 million to S$170 million, despite the uncertainty created by the tariff turmoil. The company said then that it is on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter. In June, AEM raised its revenue guidance for the first half of the financial year ending Jun 30 to between S$185 million and S$195 million, on the back of an unexpected pull-in of orders into FY2025. AEM closed at S$1.72 on Friday, up S$0.03 or 1.8 per cent.
Business Times
3 days ago
- Business
- Business Times
AEM Holdings CEO Amy Leong resigns
[SINGAPORE] Semiconductor testing equipment manufacturer AEM Holdings has announced the resignation of its chief executive officer Amy Leong, which took effect on Sunday (Jul 27). Leong, who held the post for slightly more than a year, will be replaced by Samer Kabbani, the group's president and chief technology officer, from Monday. In a regulatory filing on Sunday evening, AEM cited 'board-led leadership realignment for growth' as the reason for Leong's resignation. The filing indicated that there are no unresolved differences in opinion on material matters between Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting. Loke Wai San has been AEM's chairman since 2011. He is also the founder and CEO of private equity fund adviser Novo Tellus Capital Partners. Kabbani has been with AEM since 2020. He was previously executive vice-president at Advantest and Astronics Test Systems, respectively. In his 14-year tenure at Cohu, Kabbani served in key senior management roles, including Delta Design Systems president. He is a 'prolific innovator with more than 30 registered patents in areas of advanced thermal management, photoresist processing, factory automation, and vision alignment and inspection', as described on the AEM website. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In May, AEM reported a 42.9 per cent year-on-year rise in its bottom line for the first quarter of FY2025 ended March, as net profit margin improved. The group announced a net profit of S$3.3 million, translating to a margin of 3.9 per cent for the period, compared with S$2.3 million and 2.5 per cent, respectively, for the first quarter of FY2024. However, revenue was 8.7 per cent lower at S$86 million against S$94.2 million for the year-ago period. AEM said this was in line with its first-half revenue guidance of S$155 million to S$170 million, despite the uncertainty created by the tariff turmoil. The company said then that it is on track with its revenue diversification efforts, as revenue from new customers in its Test Cell Solutions segment doubled that of the previous quarter. AEM closed at S$1.72 on Friday, up S$0.03 or 1.8 per cent.
