Friday 29 Mar 2024
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KUALA LUMPUR (Nov 16): SWS Capital Bhd deputy managing director Teoh Han Chuan has been promoted to be managing director of the company.

Teoh replaces Neo Chee Kiat, 47, who has been redesignated as non-independent and non-executive director. Neo was appointed as the managing director of the company on Nov 30, 2003.

Neo is the son of Neo Tiam Hock, who is also a major shareholder of the company.

In a filing with Bursa Malaysia today, SWS Capital said Teoh, 57, has over 25 years of experience in the household plastic wares industry. He was appointed as director of the company on July 3.

He co-founded Ee-Lian Enterprise (M) Sdn Bhd in 1993, which is principally involved in the trading of household plastic ware products. SWS Capital acquired the company in June this year.

Teoh began his career as a factory worker when he was 19 years old after completing SPM in 1978. In 1985, he became a salesman when he joined Union Trading Co which was principally involved in the trading of motor accessories and helmets. He was responsible for the company's sales and marketing development and coordination activities in Malaysia.

In 1987, he joined Gold Liloy Trading Sdn Bhd, a plastic manufacturer and marketing company as a senior salesman where he managed and built business relationships with the company's customers in major cities across Malaysia.

SWS Capital shares closed one sen or 0.85% lower at RM1.16 today, with 30,000 shares done, giving it a market capitalisation of RM169.22 million.

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