Goh Ban Huat founders resigned

Filed Under (Business News) by Webmaster on 02-10-2009

Tagged Under : ,

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The founding members of ceramics product manufacturer Goh Ban Huat Bhd, represented by Goh Tai Seng and Tan Ah Cheun, have resigned as executive directors.

Filling their place is Poh Weng Choon, who has been in the timber industry since 1972 and has gained over 35 years of all-round experience in manufacturing.

In its filing to Bursa Malaysia yesterday, GBH said Brig. Jen. (rtd) Datuk Mior Azam Bin Mior Safi, who has been with the company since September 24 2001, will remain as its non-executive director.

These changes followed Tan Sri Robert Tan Hua Choon’s securing control of GBH on September 11 when he bought out Lembaga Tabung Angkatan Tentera’s (LTAT) 18 per cent stake for RM1.50 per share.

On September 24, GBH had also appointed company secretaries Lim Lai Sam and Loh Poh Wah to replace Ng Yim Kong.

A week before that, GBH had informed the stock exchange that Ng, Datuk Dr Mohd Yusof Mohamed, Mohamed Amin Mohamed, Datuk Mohd Sarit Yusoh and Wan Shalihudin Wan Ibrahim had resigned as independent and non-executive directors.

Robert Tan, who now holds a 82.5 per cent in the company, has promised a quarter of the shares will be free floated to keep GBH publicly-traded. He plans to do this by December 11 2009.

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