CEO Morning Brief

Leong Seng Wui Resigns as Green Packet’s Executive Director

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Publish date: Wed, 27 Dec 2023, 08:55 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (Dec 26): Green Packet Bhd has announced the resignation of its executive director Leong Seng Wui effective Dec 29.

Leong, 43, tendered his resignation as director on Dec 1 "to pursue other interests", the digital solutions provider said in a filing with Bursa Malaysia on Tuesday.

Leong, who has held the position since February 2022, ceased to become a substantial shareholder in the group after he disposed of all his shares in March.

Prior to the disposal, Leong owned 124.34 million shares, or 8.91% of the issued shares of Green Packet, which he acquired in January 2022.

Besides serving on Green Packet’s board, Leong has also been on the board of Revenue Group Bhd since Jan 17.

He also served as a director of Classita Holdings Bhd since June 2022 and April this year. Between May 30, 2018 and Oct 25, 2019, he also sat on the board of XOX Networks Bhd (previously known as Macpie Bhd).

Shares in Green Packet finished unchanged at four sen, valuing the group at RM80.11 million.

Source: TheEdge - 27 Dec 2023

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