Former Minister Yaacob Ibrahim Joins Oceanus as Independent Director

Former Minister Yaacob Ibrahim Joins Oceanus as Independent Director

Former Minister for Communications and Information Yaacob Ibrahim has joined Oceanus Group as an independent director on September 1.

Yaacob is currently a professor of engineering at the Singapore Institute of Technology, where he is also advisor to the president of SIT.

In addition to the board of Oceanus Group, Yaacob also sits on several boards of private companies and unions.

“We are honoured to welcome Dr. Yaacob to our board. With his deep and varied experiences, including knowledge in the area of Environment and Water Resources, and Communications and Information, Dr. Yaacob will be a strategic fit and will add greater diversity and depth to Oceanus’ Board. We look forward to the collective guidance and counsel from Dr. Yaacob as well as our Board members as we chart Oceanus’ next phase of growth,” says Oceanus’ CEO Peter Koh.

“I am honoured to be invited as an independent director of the Oceanus Group. The Group has done well in providing value-added services globally and maintaining the trust of its shareholders. The various businesses are on a growth path and I look forward to playing my part in this growth journey. More importantly, I share the company’s sense of gratitude towards its shareholders and its commitment to bring value to the shareholders,” says Yaacob.

On August 13, the homegrown premium seafood value chain manager reported a net profit of RMB3.6 million ($711,611) for the 1H20 ended June from a net loss of RMB6.2 million over the same period a year ago.

Shares in Oceanus closed 0.1 cent higher, or 16.7% up, at 0.7 cent on September 1.


Read more here: