Thursday 28 Mar 2024
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KUALA LUMPUR (March 9): YFG Bhd announced it appointed Dr Roslan A Ghaffar as chairman and independent non-executive director, effective immediately.

Roslan is appointed to replace Datuk Ir Abdul Rashid Ahmad, who resigned due to personal reasons. The resignation was effective immediately.

In the press statement today, YFG (fundamental: 0.15; valuation: 0.60) said Roslan could broaden the group’s growth opportunities through his previous experience as deputy chief executive officer of Employees Provident Fund (EPF); and current positions as chairman of Kuala Lumpur Sentral Sdn Bhd and Rating Committee of Malaysian Rating Corporation Bhd.

Also, the electrical and mechanical engineering services provider also announced the appointment of Soo Hon Chong as new executive director, with immediate effect.

Soo, according to YFG, possessed extensive experience in the telecommunications and power energy industry.

Meanwhile, in a separate filing with Bursa Malaysia today, YFG announced that existing executive director Geh Yean Chang had given notice on March 5 last week, of his intention to resign from his current position.

Geh’s tenure will ends next month, on April 30, upon his retirement from office.

YFG closed unchanged at seven sen today, having a market capitalisation of RM42.63 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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