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Sapphire's new CEO remains positive on rail business outlook

Samantha Chiew Published on Mon, Feb 12, 2018 / 7:00 PM GMT+8

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SINGAPORE (Feb 12): Sapphire Corporation has recently appointed executive director Wang Heng as CEO of the group. She has today announced that the growth prospects of its core rail engineering business Ranken Railway Construction are intact despite the termination of a proposed transaction that would have resulted in a new substantial shareholder.

See: HNA-linked acquirer terminates purchase of stake in Sapphire Corp

Wang is also the co-founder of Ranken before she was appointed as CEO of Sapphire on Dec 15 2017.

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