Dufu Technology's CEO Yeoh Beng Hooi to retire

KUALA LUMPUR (March 1): Dufu Technology Corp Bhd said its chief executive officer, Yeoh Beng Hooi, is retiring on March 31.

Yeoh, 59, was appointed as the CEO in August 2016, after serving as acting CEO since August 2015. Prior to that, he was the chief operating officer in Dufu Industries Sdn Bhd (DISB) since May 2004, according to the company's bourse filing.

Meanwhile, Dufu has promoted its chief operating officer (COO) Teoh Chiew Hong to the position of deputy CEO from March 31.

Teoh, 47, started his career with DISB in 2000 and went on to assume the group COO post in March 2019.

Shares in Dufu closed up five sen or 2.38% at RM2.15 on Wednesday (March 1), giving the group a market capitalisation of RM1.17 billion.