Metrocon adjusts MOM probe timeline as chairman steps down

Metrocon has amended the timeline of a Ministry of Manpower probe following the resignation of its chairman Alvin Lim, who was charged with operating an unlicensed foreign worker dormitory. The construction company disclosed the adjusted account in a regulatory filing, clarifying details surrounding the investigation that precipitated Lim's departure from the helm. The revision comes as the company navigates regulatory scrutiny while maintaining continuity in its board. Despite Lim's exit from the chairman position, his wife has retained her position as a director of the company, maintaining the family's involvement in the firm's governance. The charges against Lim relate to alleged breaches of dormitory licensing regulations under the Employment of Foreign Manpower Act. The case remains under investigation with the authorities. Metrocon's move to retain Lim's spouse on the board signals the company's intention to preserve institutional knowledge and shareholder representation during a period of leadership transition. The company has not disclosed further details regarding the amended timeline or any other governance changes.