KUALA LUMPUR (July 27): Business software solution company IFCA MSC Bhd has appointed Ngian Siew Siong as its independent and non-executive director effective immediately.

Ngian, 63, is a veteran of the property industry and was previously attached to MBF Group's property division before joining Sunway Group in 1985.

He was instrumental in growing Sunway Group’s property division into becoming a major player, before retiring from the group in March 2014, as managing director of the international division (property development).

Ngian then went on to serve as an advisor to the group managing director of Mah Sing Group Bhd.

He currently serves as an independent director on the board of Nam Long Investment Corp, a public listed company on the Vietnamese Stock Exchange.

Ngian is also a national council member of the Real Estate and Housing Developer Association (Rehda) of Malaysia, and held the chairman post of Rehda Selangor previously.

He holds a direct 1.3 million shares in IFCA MSC.

IFCA MSC (fundamental: 3; valuation: 1.1) shares closed down 4.42% at RM1.08 today, bringing a market capitalisation of RM603.09 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.)