(Updated)

Nadzmi Salleh retires as Konsortium Transnasional chairman after 16 years

Nadzmi Salleh retires as Konsortium Transnasional chairman after 16 years
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Tan Sri Dr Mohd Nadzmi Mohd Salleh

KUALA LUMPUR (Sept 27): Tan Sri Dr Mohd Nadzmi Mohd Salleh retired on Monday (Sept 27) as chairman of Konsortium Transnasional Bhd (KTB), 16 years after he was appointed chairman and managing director of the public bus operator.

According to KTB’s Bursa Malaysia filing on Monday, Mohd Nadzmi owns, directly and indirectly, 73.22 million shares representing an 18.18% stake in KTB.

"[Mohd Nadzmi is] deemed to have indirect interest of 65.91 million shares in the company by virtue of his shareholding held through Lengkap Suci Sdn Bhd. He also has a direct interest of 7.31 million [shares] by virtue of his direct shareholding in KTB,” said KTB, which has 402.8 million issued shares.

KTB said in its latest annual report that Mohd Nadzmi was appointed chairman and managing director of the company on Sept 27, 2005. 

According to KTB, Mohd Nadzmi has vast experience, especially in the automobile and public transportation industry. 

"Mohd Nadzmi was thrust into the corporate world at an early stage of his career. At the age of 36, he was appointed as the chief executive officer of Edaran Otomobil Nasional Bhd, the company responsible for the distribution of Malaysia’s national car (Proton),” KTB said.

According to KTB’s website, KTB, which made its debut on Bursa Malaysia on June 15, 2007, undertakes stage and express bus operations within Peninsular Malaysia. 

"The stage and express bus operations provide the most extensive coverage throughout Peninsular Malaysia, covering almost all major cities and towns as well as Singapore. The nationwide network is serviced by a fleet of more than 1,500 buses that cover more than 250 routes, generating more than 1,000 trips daily and this translates to around 60 million passengers a year,” KTB claimed.

"To date, KTB commands the largest market share, with ‘Transnasional’ being the leader in the express bus industry in Peninsular Malaysia. Besides ‘Transnasional’, KTB also operates ‘Cityliner’ stage buses, ‘Plusliner’ economy express buses and luxury bus services under the ‘Nice’ brand,” KTB said without specifying its market share within the express bus industry in Peninsular Malaysia. 

At 5pm on Monday (Sept 27), KTB’s share price finished down 0.5 sen or 2.63% at 18.5 sen, valuing the company at about RM74.52 million.

Over the last month, KTB’s share price had climbed to current levels from its closing price at 13.5 sen on Aug 27, 2021.

Chong Jin Hun