Keladi Maju appoints former IJM Corp CEO as MD

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KUALA LUMPUR (July 1): Keladi Maju Bhd announced to Bursa Malaysia that former IJM Corp Bhd chief executive officer (CEO) Datuk Teh Kean Ming is appointed as the property developer's managing director (MD), effective today.

In a separate filing with the stock exchange, Keladi Maju (fundamental: 1.65; valuation: 2.4) said its existing MD Datuk Ir Chuah Chin Ah has been redesignated as executive deputy chairman.

Teh joined the board of IJM Corp as an alternate director on Sept 1, 2005 and was the deputy CEO and deputy MD of IJM Corp from July 1, 2008 to Dec 31, 2010. He was then appointed CEO and MD of the company on Jan 1, 2011 and retired on Apr 5, 2015.

Chuah, on the other hand, is one of the founders of Keladi Maju and has been the MD of the group since 1986.

Keladi Maju rose half sen or 1.72% to 29.5 sen today, giving it a market capitalisation of RM219.91 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.)