D’Nonce slips 1.29% on appointing director as CEO

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KUALA LUMPUR (July 23): Shares in D'Nonce Technology Bhd slipped 1.29% in early trade this morning after the company said its director Tho Yow Yin had been appointed as chief executive officer of the company with immediate effect.

At 9.07am, D’Nonce shed 0.5 sen to 38 sen for a market capitalisation of RM99.29 million.

Tho, 62, had earlier been named as an independent and non-executive director of the hard disk drive contract manufacturer on July 1.

Tho succeeds Lim Teck Seng, 49, who resigned after the High Court ruled as invalid, Lim's re-election as director at the company's annual general meeting on June 17 this year.