KUALA LUMPUR (April 2): KUB Malaysia Bhd shares rose 7.41% in active trade after it redesignated former Minister of Finance II Datuk Seri Johari Abdul Ghani as its non-executive chairman, replacing Datuk Ahmad Ibnihajar, who has been redesignated as an independent and non-executive director.
At 9.09am, KUB rose 3 sen to 43.5 sen with 5.70 million shares traded.
Johari was previously a non-independent director in KUB. He currently has an indirect interest of 178.07 million units of ordinary shares in KUB, via JAG Capital Holdings Sdn Bhd.