HeveaBoard chairman Chan dies at 85

This article first appeared in The Edge Financial Daily, on September 4, 2018.
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KUALA LUMPUR: HeveaBoard Bhd announced yesterday  the demise of its independent and non-executive chairman Tan Sri Chan Choong Tack @ Chan Choong Tak, aged 85.

In a stock exchange filing, HeveaBoard said it will announce the appointment of a new chairman in due course.

According to its 2017 annual report, HeveaBoard appointed Chan as its independent non-executive director on Oct 1, 2004, and on Feb 12, 2010, redesignated him as independent and non-executive chairman.

Chan was also a teacher, headmaster, Parti Gerakan Rakyat Malaysia secretary general, a senator and president of the Senate in Malaysia.

HeveaBoard shares closed unchanged yesterday at 83 sen, with a market capitalisation of RM464.09 million. Over the past year, the stock has fellen as much as 45.25% from RM1.52.