Caely appoints fashion designer Jovian Mandagie as executive vice chairman

KUALA LUMPUR (June 14): Lingerie maker Caely Holdings Bhd has appointed fashion designer Datuk Jovian Mandagie as its new executive vice chairman, effective Tuesday (June 14).

Notably, Jovian is the son-in-law of the Prime Minister Datuk Seri Ismail Sabri Yaakob.

In a Bursa Malaysia filing, the group said Jovian, 36, began his career in the fashion industry in 2006 and eventually expanded the business over the next few years as a bridal designer and wedding planner.

“Presently, he is also the chief executive officer of HEYHO Sdn Bhd with several products such as HEYHO Signature Meals, a variety of ready-to-eat meals and Dapur Mandagie, his signature sambal recipe for the consumers.

“In October 2021, Jovian was appointed by Cheetah Malaysia as its new creative director, and he is in charge of revamping the Cheetah design and brand culture,” the group said.

Meanwhile in a separate local bourse filing, the group also announced the appointment of lawyer Sandraruben Neelamagham as its new independent director effective Tuesday.

According to the group, Sandraruben is a fellow with The Chartered Institute of Arbitrators (CIArb) and Malaysia Institute of Arbitrators (MIArb).

“He is the managing partner of Ahmad Deniel, Ruben & Co, a firm which he established in 2012 and has now grown to a mid-sized law firm. He now heads the corporate department of the firm.

On Monday, Caely announced that its auditor, Virdos Lima Consultancy (M) Sdn Bhd, could not continue with its forensic audit as critical information is not available. Its external auditor has notified it that for various financial periods, key documents such as but not limited to invoices, payment vouchers, receipts and agreements could not be located. On top of that, various company electronic devices that were assigned to key suspects in their investigations had been removed and/or could not be located at the premises of Caely.

Shares in Caely finished one sen or 2.63% lower to 37 sen on Tuesday, valuing it at RM95.55 million.