Karex chairman passes away at 93

Tun Arshad Ayub (File photo by Zahid Izzani Mohd Said/The Edge)

Tun Arshad Ayub (File photo by Zahid Izzani Mohd Said/The Edge)

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KUALA LUMPUR (June 14): Karex Bhd chairman Tun Arshad Ayub has passed away at the age of 93.

In a bourse filing on Tuesday (June 14), the condom manufacturer said Arshad held 15.81 million shares directly and 5.2 million shares indirectly via Zalaraz Sdn Bhd.

Meanwhile, Bernama reported that Arshad, who was an eminent academician and educator, died in hospital at 2.06am on Tuesday and was said to have been under treatment at the intensive care unit since last Tuesday over health issues.

The national news agency said he was the first director of ITM, now known as UiTM, from 1967 to 1975.

He leaves behind his wife Toh Puan Zaleha Mohd Arshad and seven children.

At midday break on Tuesday, Karex fell 2.56% or one sen to 38 sen, valuing it at RM400.32 million.