Khoo Kay Peng’s son to take over as MUI chief executive

Malayan United Industries Bhd’s (MUI) major shareholder Tan Sri Khoo Kay Peng is set to relinquish his position as chief executive officer in favour of his son. In a filing with Bursa Malaysia, MUI said Andrew Khoo Boo Yeow, 45, will assume the CEO post effective Jan 1. Kay Peng, who owns a 47.58% stake […]

AirAsia appoints Neelofa as non-executive independent director

The appointment was unanimously approved by the board members. “The board members and I are delighted to welcome Neelofa onboard as non-executive independent director. She is a great addition to the board,” said AirAsia Group chief executive officer Tan Sri Tony Fernandes in a statement on Friday. “Her experience as an entrepreneur, a brand creator […]

Bursa is the best in corporate governance

Bursa Malaysia Bhd was ranked first for overall corporate governance and performance for demonstrating high standards of corporate governance while maintaining a good financial performance, according to the Minority Shareholder Watchdog Group (MSWG) at the MSWG-Asean Corporate Governance Recognition 2017 awards yesterday. Petronas Dagangan Bhd came in second, followed by LPI Capital Bhd, Telekom Malaysia […]

Mohd Yusri joins board of Green Ocean

Green Ocean Corp Bhd has appointed Mohd Yusri Md Yusof, who emerged as a substantial shareholder with a 10.03% stake on Nov 22, as executive director of the company with immediate effect. In a filing with Bursa Malaysia today, Green Ocean said Yusri, 47, was formerly the managing director (MD) of Propel Bhd and Cement […]

Jerasia Capital names founder’s daughter as exec director

Jerasia Capital Bhd has appointed Debbie Yap May Se as its new executive director. She is the daughter of the fashion apparel manufacturing group’s executive deputy chairman, founder and major shareholder Datuk Yap Fung Kong. In a filing with Bursa Malaysia today, Jerasia said May Se, 27, has a business degree from from Middlesex University […]

Five Trive Property directors reprimanded, fined RM2.55m

Five directors of Trive Property Group Bhd have been reprimanded and fined a total of RM2.55 million by the Securities Commission Malaysia (SC) for knowingly furnishing false or misleading statements in the 2014 audited financial statements of the company to the SC and Bursa Malaysia. Three directors namely Wong Kok Seong, Thu Soon Shien and […]