KUALA LUMPUR (Dec 28): Datuk Seri Liew Kok Leong has stepped down as the executive chairman of ARB Bhd, less than three months after being redesignated to the position.

In a bourse filing on Thursday, Liew cited pursuing other interests as the reason for his resignation, which is effective immediately.

Liew, 50, was redesignated as ARB Bhd chairman on Oct 11, succeeding Khor Ben Jin, who had resigned from the position to pursue personal interests and commitments.

Before his recent role, Liew had been a board member since Aug 30, 2018. He was also the company's largest shareholder with a 22.52% stake, including a 13.12% direct stake and 9.4% indirect shareholdings through Ukay One Sdn Bhd.

In a separate bourse filing, ARB announced the redesignation of independent director Yuen Ya Ting as the new independent and non-executive chairman.

Yuen, aged 43, holds a professional qualification in corporate administration from the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA). Prior to her appointment to the ARB board on Nov 17, 2022, she had served as a company secretary in various organisations.

Shares of ARB closed half a sen or 6.25% higher at 8.5 sen, giving the group a market capitalisation of RM98.49 million.