Saturday 04 Jan 2025
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KUALA LUMPUR (July 15): Padini Holdings Bhd's executive director (ED) Chan Kwai Heng, 63, has quit the apparels manufacturer after serving the company for 28 years, due to "personal reasons", while Benjamin Yong Tze Jet, 32, the son of the group's managing director, has been appointed as ED.

According to Padini's filing on the resignation today, Chan, a Singaporean who is often the media spokesperson for Padini, worked in Vincci Department Store Sdn Bhd as a manager in charge of finance and administration from 1983 until 1987.

He then joined the group in 1988 as ED in one of its subsidiary companies. Until his resignation, Chan was overseeing the group's finance and administrative activities.

Tze Jet, meanwhile, is the son of Padini MD Yong Pang Chaun and his spouse, Chong Chin Lin. Chong and another son, Andrew Yong Tze How — brother to Tze Jet — are both EDs in the company.

Tze Jet is now the head of design, merchandising and retail of the group and is responsible for the overall management, development and organisation of the design, merchandising, retail and branding activities for the brands assigned to him.

Padini shares closed up 8 sen (3.2%) today to RM2.57, for a market capitalisation of RM1.69 billion.

 

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