Ahmad Redza quits as Apex Equity chairman just three months after appointment

Ahmad Redza quits as Apex Equity chairman just three months after appointment
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KUALA LUMPUR (Sept 22): Apex Equity Holdings Bhd said its non-executive chairman Datuk Ahmad Redza Abdullah has resigned from the post effective Thursday (Sept 22), due to personal reasons.

Ahmad Redza, 58, was appointed to the Apex board only three months ago on June 22, the company’s filing with Bursa Malaysia showed.

On Sept 15, Sarawak Cable Bhd (SCable) also announced the resignation of Ahmad Redza as the company’s executive director and group managing director, with effect from Dec 31, after having served the power cable and wire producer for 13 years.

Apex Equity’s shares closed unchanged at RM1.08 on Thursday, giving the company a market capitalisation of RM230.65 million. SCable also closed flat at 11 sen, valuing the company at RM42.06 million.

S Kanagaraju