KUALA LUMPUR (June 15): APB Resources announced more boardroom changes on Thursday (June 15), including the appointment of three new independent and non-executive directors: Kee Wui Hong, Dang Nguk Ling and Tan Teik Hsiung.

A day earlier, the group had announced the appointment of Kang Wei Lun as a new independent and non-executive director.

Kang, Kee and Tan are also independent and non-executive directors of Artroniq Bhd.

Also on Thursday, APB announced the retirement of the Yap brothers — non-independent and non-executive alternate director Datuk Yap Kau @ Yap Yeow Ho and on-independent and non-executive chairman Yap Kow @ Yap Kim Fah.  Yap Kow is the father of APB Resources executive director Yap Swee Sang.

APB Resources had on Wednesday also announced the appointment of Datuk Seri Abd Rahim Jaafar as the group's independent and non-executive chairman, while Liaw Way Gian and Chin Choon Wei were appointed new executive directors.

The group also announced the retirement of Chua Chia Cheng @ Chua Chia Kwee and Lim Kwee Yong as its directors, and that of Tan Teng Khuan as its chief operating officer.

APB Resources is involved in the fabrication of specialised design process equipment for the petrochemical, oleochemical, oil and gas, power as well as food and beverages industries.

APB Resources' share price closed down 23 sen or 7.88% at RM2.69 on Thursday, valuing the group at RM303.63 million. The stock has appreciated 79.33% so far this year from RM1.51.