Johannes Kotjo quits ABR

Johannes Kotjo quits ABR

SINGAPORE (Reuters): Food group ABR Holdings Ltd said
yesterday its board of directors had been changed.

The announcement followed acquisition of control of the
company by a group of Singapore businessmen.

The company said in a statement that Indonesian businessman
Johanes Kotjo had resigned from his position as ABR chairman and
had been replaced by Ang Yee Lim.

Three other directors, including managing director Tatang
Tabrani, had also resigned. Ricky Goh, Foo Jong Long and William
Tan had been appointed in their place, the statement said.

The four Singaporeans are all linked to private Singapore
leisure company Europa. They made a formal bid for ABR in
September. In November, Kotjo cut his stake in the company to
3.96 percent from 10.17 percent.