Liew Kee Sin redesignated as Eco World chairman

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KUALA LUMPUR (Mar 19): Tan Sri Liew Kee Sin has been redesignated as Eco World Development Group Bhd non-independent and non-executive chairman.

In statements to the exchange today, property developer Eco World (fundamental: 0.95; valuation : 0.3) said Liew's appointment starts tomorrow.

Liew, currently a director in Eco World, will take over from the company's chairman Tan Sri Abdul Rashid Abdul Manaf.

Eco World said Abdul Rashid would remain on the board as founder, and a non-independent and non-executive director.

Meanwhile, Datuk Voon Tin Yow has been appointed executive director while Datuk Noor Farida Mohd Ariffin was appointed independent and non-executve director.

Voon and Noor Farida's appointments will take effect tomorrow.

Today, Eco World shares rose one sen or 0.5% at 12:30pm to settle at RM1.94 for a market capitalisation of RM3.82 billion.

The stock had gained 13% this year versus the KLCI's 3% rise.

(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.)