Bernard Lim is Ho Wah Genting's new chairman

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KUALA LUMPUR (June 30): Ho Wah Genting Bhd independent director Bernard Lim Soon Chiang has been redesignated non-executive chairman of the group, replacing Datuk William Teo Tiew, who retired.

In a filing with Bursa Malaysia today, the loss-making power supply cord set producer said Teo, 60, joined Ho Wah Genting Group Sdn Bhd in 1990 as group accountant and corporate planner in charge of the company's financial affairs, investment, corporate planning and overall management.

"He was the first director of Ho Wah Genting since incorporation on Aug 12, 1993 and has held the position of managing director and chief executive officer of the group since Aug 26, 2003 before he was re-designated as executive chairman on Aug 30, 2012."

Meanwhile, Lim, 48, has 27 years of working experience in the areas of accounting, finance and taxation, the past 21 years of which were in the construction and property development industries.

He began his career with Messrs Ernst & Young and then joined Hong Leong Bank Bhd and Tanming Bhd. He then joined a subsidiary of Gabungan AQRS Bhd as finance director in 2002 and was subsequently promoted as the chief financial officer of Gabungan AQRS in 2012. He left Gabungan AQRS on Dec 28, 2017 and is currently a principal consultant in consultancy firm BQIE Consultancy Sdn Bhd.

In a separate filing, Ho Wah Genting said it had yesterday submitted an application to the Medical Device Authority of the Ministry of Health for the approval to distribute of Covid-19 diagnosis kits manufactured by Sansure Biotech Inc in Malaysia. In March, the group announced that it plans to diversify into the healthcare-related industry.

At noon break, Ho Wah Genting shares were down 0.5 sen or 1.03% at 48 sen, bringing a market capitalisation of RM245.91 million. A total of 1.43 million shares were traded.