KUALA LUMPUR (June 28): Civil engineering specialist Sarawak Consolidated Industries Bhd (SCIB) announced more boardroom changes on Wednesday (June 28), with Abang Abdillah Izzarim Abang Abdul Rahman Zohari now as its new executive chairman.
Abang Abdillah, 45, is the son of Sarawak premier Tan Sri Abang Abdul Rahman Zohari Abang Openg, more popularly known as Abang Jo. Abang Abdillah is currently also the chairman and major shareholder of PP Telecom and a director of Cempaka Helicopter Corp Sdn Bhd, SCIB's Bursa Malaysia filing showed.
The group's independent non-executive chairman Shamsul Anuar Ahamad Ibrahim, meanwhile, has been redesignated as an independent and non-executive director, while executive director (ED) Ku Chong Hong was made managing director as Rosland Othman steps down as MD due to “personal reasons and other commitments”.
The group also appointed Marcus Chin Choon Wei as its new ED, and made Kang Wei Luen, Dr Dang Nguk Ling and Liaw Way Gian its independent non-executive directors.
Chin is the chief financial officer of Artroniq Bhd and an ED at APB Resources Bhd. Liaw is both ED and chief executive officer at Artroniq, as well as ED of APB Resources.
Kang is an independent non-executive director of Artroniq and APB Resources. Dang is the independent non-executive director of APB Resources.
The latest boardroom changes were announced after SCIB’s extraordinary general meeting (EGM) on Wednesday (June 28).
This is SCIB’s second boardroom change this week, following the resignation of three independent non-executive directors Noor Azri Azerai, Mohd Shakir Shahimi and Nuraiman Shaiful Annuar on Monday.
The trio resigned ahead of the EGM that was called by eight shareholders of SCIB, who collectively hold more than 10% of the group’s issued share capital, to remove them and to appoint four new directors in their stead, namely Kang, Dang, Liaw, and Pakharuddin Mohd Samin.
The eight shareholders are Lim Hau Yang, Ang Sok Kiang, One Ungguh Holdings Sdn Bhd, Teo En Chie, Lee Chee Hoon, Chin Choon Wei, Liaw Way Gian and Hong Mei Ying.
At Wednesday’s closing, SCIB’s share price rose half a sen or 1.12% to 45 sen, valuing it at RM284.83 million.