KUALA LUMPUR (April 25): Caely Holdings Bhd said two of its independent directors, Datuk Seri Mazlan Lazim and Noor Azri Azerai, have resigned from the board to pursue other opportunities.
The two had a rather short stint on the troubled lingerie company's board, as both were appointed only about a month ago.
Noor Azri, who is also present on the boards of other listed companies, was appointed to the board of Caely on March 23, while Mazlan, a former deputy inspector-general of police, was appointed on March 29.
Meanwhile, the company announced the appointment of Datuk Seri Sin Hock Min and Datuk Loh Ming Choon as executive directors, as well as Datuk Mohamad Hanafiah Zakaria as an independent director.
Sin is currently the chairman of Sin Hock Min Development Group Sdn Bhd, a property development company which supports Malaysia's green technology initiatives and environmental agendas.
He is also the president of Malaysia Green Economy & Resource Recycling Association.
Meanwhile, Loh is a businessman and is currently the president of the Asean Retail-Chaines and Franchise Federation. He has also founded various institutions in the film and fashion industries.
Mohamad Hanafiah, meanwhile, is an former deputy public prosecutor and senior federal counsel with more than 35 years of experience in Malaysia's legal sector.
Prior to his retirement from the judicial and legal service, he was the director general of the Judicial and Legal Training Institute under the Prime Minister's Department and was also a board member of the National Higher Education Fund Corp representing the attorney general, the company added.
On April 20, Caely said its operational bank accounts had been frozen by the Malaysian Anti-Corruption Commission.
This followed the group's announcement on April 7 that Virdos Lima Consultancy (M) Sdn Bhd had been appointed as forensic auditor to carry out an independent forensic audit regarding allegations of suspicious and irregular transactions at Caely.
It cited the receipt of an anonymous package containing documents which raised concerns over several suspicious transactions involving Caely as circumstances led to the forensic investigation, which is expected to be completed by May 31.
Caely's share price rose 0.5 sen or 1.19% to close at 42.5 sen, giving a market capitalisation of RM109.75 million.
Source: TheEdge - 26 Apr 2022
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