KUALA LUMPUR (June 22): Theta Edge Bhd (KL:THETA) has announced that its chairman Tan Sri Abdul Rahman Mamat has tendered his resignation after two years of his tenure.
In a filing on Bursa Malaysia, the ICT and telecommunications group said Abdul Rahman, 74, resigned in order to pursue other commitments.
Abdul Rahman was a former secretary general in the Ministry of Investment, Trade and Industry (Miti) before joining the group as chairman in July 2024.
Theta Edge did not disclose who will succeed in the role.
Last week Tan Sri Vincent Tan Chee Yioun ceased to be a substantial shareholder in Theta Edge after the business tycoon pared down his stake in Berjaya Corporation Bhd (KL:BJCORP).
In March this year, Theta Edge’s subsidiary, Theta Technologies, sued the Energy Commission over the alleged wrongful termination of a service contract signed in 2022. After ending the contract in May 2025, the Energy Commission also claimed a RM428,186 bank guarantee provided by the subsidiary.
Shares of Theta Edge were up by 2.5 sen or 4.6% to 56.5 sen, valuing the group at RM66.7 million. Year-to-date, its shares have been down by 22.6%.