SHH Resources appoints founder's son as CEO

SHH Resources appoints founder's son as CEO
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KUALA LUMPUR (Dec 4): SHH Resources Holding Bhd founder and managing director Datuk Teo Wee Cheng’s 35-year-old son Bok Yu has been appointed as the group’s chief executive officer starting Dec 1.

In a filing with Bursa Malaysia today, SHH said Bok Yu joined wholly-owned SHH Furniture Industries Sdn Bhd in 2011 to assist the managing director in production operation, and was subsequently promoted to product development manager in 2015.

Prior to that, Bok Yu started his career doing interior designing and renovation in a company in Muar, Johor in 1988.

In 2004, he started his own property development and construction business.

His parents, Wee Cheng, and Datin Teo Chan Huat, who is also deputy managing director, are major shareholders in the group with a combined stake of 28.66%.

Meanwhile, SHH Furniture group accountant Patrick Lim Seng Chye has been appointed as the chief financial officer effective Dec 1.

Lim is a chartered accountant with the Malaysian Institute of Accountants, and is a certified public accountant with the Malaysian Institute of Certified Public Accountants.

SHH shares closed down two sen or 1.54% to RM1.28, for a market capitalisation of RM63.99 million.