Pensonic executive director Tan King Tai to step down

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KUALA LUMPUR (Sept 25): Tan Sri Tan King Tai @ Tan Khoon Hai, executive director of Pensonic Holdings Bhd, is stepping down from his position effective Oct 1.

In a filing with Bursa Malaysia today, Pensonic cited "personal reason" for Tan's resignation.

According to Pensonic's Annual Report 2016, Tan, 61, was appointed to his current role on Sept 13, 1995.

He has over 35 years of working experience in the fields of auditing, accounting and corporate finance. He is also a director of Pensia Industries Sdn Bhd and Pensonic Corp Sdn Bhd. He was the executive director of Pensonic Holdings Bhd from Sept 13, 1995 to Dec 13, 2003 and was subsequently re-designated as a non-executive director.

He was re-designated as executive director of the company on April 28, 2014.

Pensonic shares closed unchanged at 60 sen today, with 78,100 shares traded, for a market capitalisation of RM77.8 million. Year to date, the stock has fallen 3.23%.