KUALA LUMPUR (Jan 8): Port operator and logistics services provider NCB Holdings Bhd has appointed the MMC Corp Bhd group managing director Datuk Seri Che Khalib Mohamad Noh, 49, to its board as a non-independent and non-executive director.
 
“Datuk Seri Che Khalib represents the interest of MMC Corp through its wholly owned subsidiary MMC Ventures Sdn Bhd, which has [a] 15.73% interest in NCB,” the group said in its filing to Bursa Malaysia this evening.
 
MMC Corp is controlled by tycoon Tan Sri Syed Mokhtar Albukhary. NCB had on Nov 27 last year, announced that MMC Corp had acquired 73.99 million shares or 15.73% stake from MISC Bhd, via an off-market direct business transaction.
 
NCB counts Permodalan Nasional Bhd as its largest shareholder with a total of 53.77% stake, while pension fund Kumpulan Wang Persaraan has a 9.18% interest.

Che Khalib was previously the president and chief executive officer (CEO) of Tenaga Nasional Bhd for eight years, until June 30, 2012.
 
It is worth noting that NCB had on Monday (Jan 5) announced the abrupt resignation of Syahrul Azmir Ahmad Zaki as the CEO of its loss-making subsidiary Kontena Nasional Bhd, “to pursue other better opportunities.”
 
Syahrul Azmir, 39, had served as Kontena’s CEO for slightly over a year, after he was appointed on May 16, 2013.
 
In the interim, NCB group managing director Abi Sofian Abdul Hamid, 52, will be overseeing Kontena’s daily operations.
 
NCB shares had plunged 39.23% from RM3.47 on Feb 28, 2014, to RM2.11 on Dec 17, 2014. The stock has since appreciated 17.54% to close at RM2.48 today, giving it a market capitalisation of RM1.17 billion.