Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 11): Malayan United Industries Bhd's (MUI) shares rose 2.38% in active trade this morning after its major shareholder Tan Sri Khoo Kay Peng is set to relinquish his position as chief executive officer in favour of his son.

At 9.06am, MUI rose 0.5 sen to 21.5 sen with 2.39 million shares traded.

In a filing with Bursa Malaysia, MUI said Andrew Khoo Boo Yeow, 45, will assume the CEO post effective Jan 1.

Kay Peng, who owns a 47.58% stake in the group, will remain as executive chairman, the group said.

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