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Kok Ming, 53, who currently serves as the firm’s non-executive, non-independent director, will also be re-designated as an executive director, PSC Corp said in a filing to the Singapore Exchange on Thursday.

The changes are effective from May 5, when he will be responsible for leading the company’s overall business activities, resources and operations, according to The Business Times.

The firm, which manufactures and distributes fast-moving consumer goods, currently has no chief executive listed among its senior leadership.

Kok Ming holds a bachelor’s degree in computer information systems from California State Polytechnic University, Pomona.

He has held directorships at several businesses, including food producer Tee Yih Jia Group, logistics company Acelink Logistics and Singapore-listed GSH Corporation, according to PSC Corp’s website.

The board change came days after the Securities Industry Council said on Tuesday it would not pursue further action against the elder Goi, who is PSC Corp’s executive chairman, over a 2023 breach of takeover and merger regulations.

According to the rule, when any person acquires shares which, taken together with shares held or acquired by persons acting in concert with them, carry 30% or more of the company’s voting rights, such person or persons must immediately extend offers to other shareholders, according to The Edge Singapore.

The breach occurred when Goi bought additional shares during an ongoing share buyback mandate that lifted his stake beyond the 30% threshold, but he did not make the required general offer at the time. It was only discovered during a review tied to an un takeover application in February 2025.

Goi said he had misunderstood the rules and had not sought professional advice before his share purchases.

Following discussions with the council, he launched a mandatory offer in July 2025, allowing shareholders to tender shares they held as of Dec 4, 2023.

The council’s decision to not pursue further action took into account his remedial actions, as well as cooperation during the review of the breach.

Besides PSC Corp, Goi is the executive chairman of Tee Yih Jia Group, one of the world’s largest makers of spring roll pastry known locally as popiah skins, which earned him the nickname “Popiah King,” according to The Straits Times.

He also has investments in real estate and ranked 25th on Forbes’ list of the richest individuals in Singapore last September with an estimated net worth of US$2.2 billion.