Mercurius Cap’s CEO Arthur Chew resigns; 'sustantial amounts' of salary were said to be owed to him

Felicia Tan02-07

Mercurius and Chew have since come to an arrangement in relation to the manner of repayment.Arthur Chew, the CEO of Mercurius Cap Investment has resigned from his role with effect from Feb 7. He is ...

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He is ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/company-news/mercurius-caps-ceo-arthur-chew-resigns-sustantial-amounts-salary-were-said-be?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mercurius Cap’s CEO Arthur Chew resigns; 'sustantial amounts' of salary were said to be owed to him</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMercurius Cap’s CEO Arthur Chew resigns; 'sustantial amounts' of salary were said to be owed to him\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-07 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/company-news/mercurius-caps-ceo-arthur-chew-resigns-sustantial-amounts-salary-were-said-be?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mercurius and Chew have since come to an arrangement in relation to the manner of repayment.Arthur Chew, the CEO of Mercurius Cap Investment has resigned from his role with effect from Feb 7. He is ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/company-news/mercurius-caps-ceo-arthur-chew-resigns-sustantial-amounts-salary-were-said-be?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://www.theedgesingapore.com/news/company-news/mercurius-caps-ceo-arthur-chew-resigns-sustantial-amounts-salary-were-said-be?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2409781737","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409781737","pubTimestamp":1707270758,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Mercurius and Chew have since come to an arrangement in relation to the manner of repayment.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6512":"房地产股","BK6117":"房地产开发","5RF.SI":"马克里资本投资有限公司"},"translate_title":"墨丘利Cap首席执行官亚瑟·周辞职；据说是欠他的“定额”工资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5RF.SI":0.9},"content_text":"Mercurius and Chew have since come to an arrangement in relation to the manner of repayment.Arthur Chew, the CEO of Mercurius Cap Investment has resigned from his role with effect from Feb 7. He is said to be leaving due to “increasing personal and private commitments”.\nChew, who was appointed to the position on Oct 25, 2022, is said to be owed “substantial amounts” of salaries from Mercurius. According to the Feb 7 filing, Mercurius and Chew have “come to an arrangement” with regard to the manner of repayment.\nAs at Feb 7, Chew holds 4.17 million shares in Mercurius. The company has some 1.39 billion outstanding shares as at the close on the same day.\nIn the meantime, executive chairman Chang Wei Lu will wear two hats as he takes on the role of interim group CEO until a suitable CEO is identified.\nFor the 3QFY2023 ended Sept 30, 2023, Mercurius made a narrower loss of $261,000, compared to the $369,000 loss in the same period the year before. For the 9MFY2023, the company’s loss deepened to $11.6 million from $1.2 million in the 9MFY2022.\nIn July 2023, Mercurius’ grocery subsidiaries, Songmart Malaysia Sdn. Bhd., Granville Grocery Sdn. Bhd. and Tan Lee Heng Import & Export Sdn. Bhd. under the Songmart Group announced that the subsidiaries have ceased their business operations as at June 30, 2023.\nSongmart Group was said to have been suffering from poor financial performance, incurring consistent losses due to several factors including rising operational costs, competitive pricing, increased market players, and fluctuating market conditions.\nSongmart was first acquired for $36 million in July 2021.\nMercurius has requested for the suspension of the trading in its shares on July 10, 2023, after its trading halt on July 3, 2023.\nShares in the company last traded at 1.6 cents.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409781737"}