KUALA LUMPUR (Jan 2): Trive Property Group Bhd’s non-executive chairman Wong Kok Seong and non-executive director Thu Soon Shien have resigned from their positions.
In filings with Bursa Malaysia, the group said both Wong and Thu cited personal work commitment as reasons for their resignation.
Trive Property is involved in property development and construction, as well as research and development of intelligent battery management systems for rechargeable energy storage solutions.
According to the group’s 2017 annual report, Wong, 49, was appointed to the board of Trive Property in June 2014.
Currently, Wong is also the independent, non-executive director of Bio Osmo Bhd, M N C Wireless Bhd and PNE PCB Bhd. He also sits on the board of a few companies listed on Singapore’s stock exchange, and helm the audit committee chairmanship in some of them.
“Over the last few years, he has extensively been involved in a wide range of businesses such as cross-border trading, manufacturing and property development,” the filing said.
Meanwhile, Thu, 37, was appointed to the board in August 2014. He is also an independent non-executive director of M N C Wireless at present.
Trive Property’s share price increased 0.5 sen or 11.11% to close at 5 sen today, giving it a market capitalisation of RM77.77 million.