SINGAPORE — The share price of Creative Technology rose by nearly 25 per cent after news that founder and chief executive officer Sim Wong Hoo had died, closing at S$1.76 on Thursday (Jan 5).
News broke on Thursday morning that Sim had died on Wednesday at age 67. His death was described by the company's interim CEO, president of the Creative Labs Business Unit Song Siow Hui, as a"sad and sudden development".
Commenting on the stock price jump, Mr Yeap Jun Rong, market strategist at IG, said that one of the possible reasons could be that Mr Sim is the key controlling shareholder of the company, with a more than 30 per cent stake in the company. "Another reason may be because market participants are looking towards any upcoming succession plan from the new leadership, which could include growth initiatives to support investors’ confidence," Mr Yeap said.
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Creative shares spike following news of CEO Sim Wong Hoo’s deathSINGAPORE: The share price of Creative Technology rose by more than 30 per cent after news that founder and CEO Sim Wong Hoo had died, touching S$1.90 - a four-month high - on Thursday afternoon (Jan 5). The tech stock was last at this price range in September last year, and was still fluctuating as at 12p
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Sim Wong Hoo, Singapore's tech pioneer and CEO of Creative Technlogy, diesSINGAPORE — Local technology pioneer Sim Wong Hoo, chairman and chief executive officer of Creative Technology, died on Wednesday (Jan 4), the firm said. In a filing with the Singapore Exchange on Thursday, the company's board of directors said that Sim 'passed away peacefully', without giving further de
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Creative Technology founder and CEO Sim Wong Hoo diesSINGAPORE: The founder, chairman and CEO of Creative Technology Sim Wong Hoo has died, the company announced on Thursday (Jan 5). Mr Sim died on Wednesday at the age of 67. 'On behalf of all staff of the company, the board expresses its deepest sorrow over the death of Mr Sim and conveys its cond
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Sim Wong Hoo, Creative Technology founder and CEO, diesOur condolences to Mr Sim's family 😔
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Creative Technology founder Sim Wong Hoo dies aged 67Creative Technology chairman and chief executive Sim Wong Hoo, one of Singapore’s most famous tech entrepreneurs, died on Wednesday. He was 67. Mr Sim founded the homegrown business in 1981, and has led the company since its inception. Under his leadership,...
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Creative Technology founder Sim Wong Hoo dies aged 67SINGAPORE – Creative Technology chairman and chief executive Sim Wong Hoo, one of Singapore’s most famous tech entrepreneurs, died on Wednesday (Jan 4). He was 67. Mr Sim founded the home-grown business in 1981, and had led the company since its inception. Under his leadership, Creative became famous for its Sound Blaster sound cards and digital entertainment products. Its audio...
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