KUALA LUMPUR: Matrix Concepts Holdings Bhd has named its founder Datuk Lee Tian Hock as the group’s new managing director (MD), effective today.
In a filing with Bursa Malaysia yesterday, the property developer said the 57-year-old Lee has previously held the chief executive officer post since 2012.
Lee, who has 32 years of experience in property development, founded Matrix Concepts in 1997. Since then, he has steered and led the group for 18 years.
Currently, Matrix Concepts is undertaking several townships development such as Bandar Seri Sendayan and Taman Seri Impian in Negeri Sembilan.
Lee controls some 229.35 million shares or a 41.68% stake in the group. He also holds 22.48 million warrants in the group.
Matrix Concepts also announced the appointment of Ho Kong Soon as its deputy MD, effective today.
Currently, Ho has 27.83 million shares or a 5.05% stake in Matrix Concepts and 3.98 million warrants in the group.
This article first appeared in digitaledge Daily, on September 9, 2015.