Kuala Lumpur 14 Jan 2016: Nexgram Holdings Bhd has announced the redesignation of former Executive Director cum CEO of property, Mr Alan How Han Lun as its Interim chief executive officer (CEO) effective Jan 14, a natural succession plan where Alan was appointed as executive director since September 2014. Another experienced corporate director, Chen Chuan Sum was also appointed to the board earlier.

The former CEO, Dato' Tey Por Yee had retired after he successfully lays down clear business plans and strong management team, and stands strong until all stakeholders’ interest are well protected before his departure.

"Dato' Tey's persistence effort which put minority shareholders and employees’ future on top of his own priority and took his personal hit on dubious corporate fight at his personal capacity, is respectably a strong corporate warrior. The investment community pay highest respect to this young entrepreneur which put everyone else interest ahead of his own." commented a senior banker.

A senior journalist which spends effort to study the matters, "Dato' Tey put trust on professionals to run companies he invested in, and sadly one out of dozens of his investments, there is one company CEO which market believe sets him up and put a blame for personal cover up in order to take control of the company. Dato' Tey stands strong and makes sure everyone is safe, especially the mom and opo public shareholders, and then he takes the hit himself. Not like his counterpart which does exactly the opposite. Respect such professionalism and business ethic, as a responsible businessman. Outstanding".

According to Nexgram press release, since Dato Larry’s return to Malaysia corporate scene in year 2012, the small company has turned around and diversified to include property development, security surveillance, and other growth businesses. The company had gone through a series of on-going restructuring and pose to prepare for new growth.

Nexgram investors would look back few years later and appreciate what this legendary businessman had put in place a growth engine for his stakeholders.

References:

Nexgram redesignated former property head Alan How as interim CEO

Kuala Lumpur 14 Jan 2016: Nexgram Holdings Bhd has announced the redesignation of former Executive Director cum CEO of property, Mr Alan How Han Lun as its Interim chief executive officer (CEO) effective Jan 14.

One of the largest mobility solution provider in the world, the diversified company, which was listed in year 2005, earlier told Bursa Malaysia that Dato Larry, the former CEO had stepped down to pursue other career opportunities.

The company had announced that as part of the on-going restructuring process, had appointed professionals to join the board and management. Alan How was appointed to the board on 18 September 2014 to oversee the group property division and have since won Angkasa Cyberjaya and Putrajaya off-take project with GDV close to RM1.44 billion.

According to Bursa fillings, Mr. How has more than twelve years experience in property, finance and business development. He was a Business Development Manager at Hopan Corporation Sdn. Bhd. for three years before moving to Millennium Land Sdn. Bhd. as Senior Manager responsible for the Property Division. Mr. How is currently a Group General Manager, Executive Director, cum CEO of property division which is responsible for the Property Division of the company.

As of to date, Alan How holds 5,000 Nexgram shares of 5 cents each.

Nexgram Holdings Berhad (“Nexgram Group”) is a public listed multinational investment company based in Kuala Lumpur, Malaysia. As of to date, the group operates through the following segments: Telecommunication, Security & Surveillance, Software Development, Property Development, Industries, Business Advisories and Investment activities.

source:

http://nexgram.com/2016/01/14/press-release-nexgram-redesignated-former-property-head-alan-how-as-interim-ceo-press-14-jan-16/

Nexgram CEO Dato Larry Tey retires to pursue other career opportunities [ 14 Jan 16]

Kuala Lumpur 14 Jan 2016:  Nexgram Holdings Bhd has announced the resignation of its chief executive officer (CEO) Datuk Larry Tey Por Yee effective Jan 14.

One of the largest mobility solution provider in the world, the diversified company, which was listed in year 2005, told Bursa Malaysia that Dato Larry, 40, had stepped down “to pursue other career opportunities”.

It added that the board of directors had been preparing for succession by bringing in professional team members since 1 year ago, and would “immediately look into succession planning of the CEO’s position”.

According to Wikipedia, Dato Larry is seasoned entrepreneur, which brought the company from start up to IPO at the age of 28 back in year 2005. Larry is also an investor with most dealings in overseas, to name China, Singapore and Indonesia among a few major countries.

He holds 440,093,699 ordinary shares of 5 sen each in Nexgram.

Meanwhile, during Dato Larry’s return to Malaysia corporate scene, the small company has turned around and diversified to include property development, security surveiliance, and other growth businesses. The company had went through a series of on-going restructuring and pose to prepare for new growth.

“The CEO did his job and took good care of all stakeholders despite many external challengers. It’s time he continues with his interest in International business dealings. The group shall bring the platform to new height”, commented Tuan Haji Mazru, the company spoke person and Executive Director.

According to Wikipedia, Tey Por Yee founded Nexgram Group in 1999. Under his leadership, the company developed businesses that include telecommunication, property development, information technology, infrastructure and manufacturing services. The company also owns and operates one of the largest surveillance and security company in Malaysia known as Sensorlink.

Nexgram Holdings Berhad (“Nexgram Group”) is a public listed multinational investment company based in Kuala Lumpur, Malaysia. As of to date, the group operates through the following segments: Telecommunication, Security & Surveillance, Software Development, Property Development, Industries, Business Advisories and Investment activities.

source:

http://nexgram.com/2016/01/14/press-release-nexgram-redesignated-former-property-head-alan-how-as-interim-ceo-press-14-jan-16/