Saturday 02 Mar 2024
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KUALA LUMPUR (Nov 30): Padini Holdings Bhd, which reported a 45.4% decline in its net profit in the first quarter ended Sept 30, 2023 (1QFY2024), announced a slew of changes in its boardroom. 

In a local bourse filing, the group announced the redesignation of its non-executive director, Datuk Lee Say Tshin as its new chairman effective Jan 1, 2024. 

Meanwhile, the group also announced the departure of two non-independent directors, Lee Peng Khoon and Chia Swee Yuen, from its boardroom effective Dec 31, 2023. 

Both cited personal reasons for their departure. 

Shares in Padini finished three sen or 0.79% lower to RM3.75, giving it a market capitalisation of RM2.47 billion. Year to date, the stock has soared 11%.  

Edited ByKathy Fong
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