Mokhzani and KC Yeow resign from SapuraKencana

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UPDATE: KUALA LUMPUR (March 4): Tan Sri Mokhzani Mahathir and his close associate, Yeow Kheng Chew have both resigned from the board of the Sapura Kencana Petroleum Bhd today.

In a filing with the local bourse today, SapuraKencana (fundamental: 1.3; valuation: 1.8) said Mokhzani has stepped down from his position as vice chairman, due to personal reason.

"The Board records its appreciation to Mokhzani for his invaluable contributions during his tenure as a member of the board," SapuraKencana said in the filing.

In a separate filing, SapuraKencana also announced that Yeow, 65, who is known to be a close associate of Mokhzani, has also resigned as a non-executive director of the company, due to personal reasons.

(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.)