Thursday 28 Mar 2024
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KUALA LUMPUR (July 8): Lim Chen Herng, 27, has been appointed as an alternate director to his father, Tan Sri Lim Kang Hoo, who is the executive vice chairman of Iskandar Waterfront City (fundamental: 0.85; valuation: 0.3) Bhd (IWC).

In a filing with Bursa Malaysia today, it was revealed that Chen Herng, who has been with the family business since 2008 with management exposure in property development, construction, finance and the oil and gas industry, will be taking on the role with immediate effect.

He also sits on the board of several private limited companies, most notably the master developer Iskandar Waterfront Holdings Sdn Bhd, one of the substantial shareholders of IWC.

At present, he is the group executive director of Iskandar Waterfront Holdings Sdn Bhd where he oversees the business development and investment from the group, and is also on the board of Knusford Bhd.

Chen Herng is also an alternate director to Kang Hoo in Ekovest Bhd.

IWC shares fell by 4.5 sen or 4.33% today to 99.5 sen with a market capitalisation of RM683.12 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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