Ralph Marshall leaves Maxis board

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KUALA LUMPUR (July 16): Astro Holdings Sdn Bhd executive deputy chairman and group chief executive officer Augustus Ralph Marshall has tendered his resignation as non-executive director of Maxis Bhd with effect from July 14, 2015, following a change in nominee directors of Maxis Communications Bhd, which is the majority shareholder of Maxis.

In a filing with Bursa Malaysia today, Maxis said Marshall, 63, has more than 30 years of experience in financial and general management.

He is currently an executive director of Usaha Tegas Sdn Bhd, a non-independent non-executive deputy chairman of Astro Malaysia Holdings Bhd and an executive director of Tanjong Plc, in which Usaha Tegas has significant interests.

Marshall also serves as a non-executive director on the boards of several other companies in which Usaha Tegas also has significant interests such as Maxis Communications and London-listed Johnston Press Plc.

In addition, he is a director in an independent non-executive capacity and chairman of the audit committee of KLCC Property Holdings Bhd and a non-executive director of MEASAT Global Bhd and KLCC REIT Management Sdn Bhd.

Maxis (fundamental: 1.15, valuation: 1.1) shares closed down 0.15% at RM6.51 for the morning session, with 1.04 million shares done. Its market capitalisation stood at RM48.88 billion.

The market is closed for the afternoon session in conjunction with Hari Raya Holidays.

(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.)