KUALA LUMPUR (March 1): Instant beverage premix manufacturer Orgabio Holdings Bhd has appointed Ean Yong Hian Wah, the chairman of the Port Klang Authority (PKA), as its executive chairman with immediate effect.

Ean Yong succeeds Teh Chee Ghee, who was redesignated as the company’s independent and non-executive director, according to an exchange filing on Friday.

The filing also said that Tan Kim Siong, 47, has resigned as the company's non-independent and non-executive director.

Ean Yong, 44, has served as a DAP state assemblyman for 15 years and as Selangor state executive councilor from 2008 to 2018. He was appointed as PKA chairman in 2023.

His father, Datuk Ean Yong Tin Sin, is the founder of Orgabio and is currently its executive deputy chairman. The senior Ean Yong holds an indirect stake of 62.04% in the company via Ean Yong & Sons Sdn Bhd and a 0.21% direct stake, according to the company’s 2023 annual report.

Other major shareholders of the company include the new executive chairman's siblings Ean Yong Hien Voon (executive director cum chief executive officer of Orgabio), Ean Yong Hen Loen (executive director), Ean Yong Hien Chal, Ean Yong Han Khian and Ean Yong Sik Siew (chief operating officer).

Orgabio’s share price closed up half sen or 2% to 26 sen, giving the company a market capitalisation of RM64 million.