Matrix announces board room changes


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KUALA LUMPUR (June 19): Matrix Concepts Holdings Bhd announced in a filing to Bursa today that it has appointed Mah Sing Group's former executive director Datuk Lim Kiu Hock as its new executive director.

Lim’s position as executive director of Mah Sing was held from 2006 to May 2015. Matrix said that Lim brings with him more than 30 years of experience in the property development sector.

In a separate filing, Matrix also announced the appointment of Datuk Hon Choon Kim as its independent and non-executive director. The group also said that Hon will sit on the group’s nomination and audit committee.

Hon started his career in the government’s statistical department in 1977. He was later elected as state assemblyman and was appointed as a state executive councillor of Negeri Sembilan. In 1995, he was elected into the Parliament, and then appointed as the Deputy Minister of Education from 1999 to 2008.

Matrix (fundamental: 2.6; valuation: 1.8) rose 0.31% or one sen to RM3.21 at midday break today for a market capitalisation of RM1.48 billion.

(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.)