KUALA LUMPUR (Dec 29): Entrepreneur Datuk Fakhri Yassin Mahiaddin will relinquish his board position as non-independent and non-executive director of Eden Inc Bhd on Dec 31.
In a filing with Bursa Malaysia today, Eden said Fakhri, 42, who is the son of former deputy prime minister Tan Sri Muhyiddin Yassin, has resigned, citing to focus on other business commitments.
Fakhri has also resigned as a member of the audit and risk committee and the nomination and remuneration committee of Eden.
Fakhri is also the son-in-law of Tan Sri Abd Rahim Mohamad and Puan Sri Fadzilah Md Ariff, who are the executive chairman and executive director of the company respectively.
Fakhri currently holds 40,000 shares in Eden.
According to Eden's Annual Report 2016, Rahim and his family hold a combined 29.42% stake in the company, of which 14.07% are held via Serata Padu Sdn Bhd and another 11.25% held via Zil Enterprise Sdn Bhd.
Eden shares closed unchanged at 17.5 sen today, giving it a market capitalisation of RM54.49 million.