KUALA LUMPUR (Oct 13): DGB Asia Bhd managing director Datuk Seri Dr Pang Chow Huat has resigned, effective immediately.

In a filing with Bursa Malaysia today, DGB cited "other personal commitment" for his resignation.

Pang, 44, was appointed to the board of DGB as an executive director on Nov 18, 2013. He was redesignated as the managing director on Feb 20, 2014.

According to DGB's Annual report 2017, Pang has more than 20 years of experience in precision engineering in the plastic mould and tool industry, as he began his career in 1991 as an apprentice with a local company specialising in the fabrication of plastic moulds and dies, as well as plastic injection mould.

In 1996, Pang founded Sanichi Precision Mould Industries, which specialises in the mould fabrication and servicing of moulds and tools. In 2000, he established Sanichi Precision Mould Sdn Bhd. He is presently the managing director of Sanichi Technology Bhd.

As at June 30, 2017, Pang has a 3.68% stake in DGB.

In a separate filing, DGB said it has appointed Ho Jien Shiung, 33, as executive director of the company.

Ho started his career as foreign administration executive with the Inland Revenue Department of New Zealand, after graduating in 2008. In 2009, he returned to Malaysia and joined a construction piping company as its marketing manager for Southeast Asia.

In 2010, he left and joined an advance technology printing manufacturer as business development manager, principally in charge of the business development of Malaysia central region. Currently, Ho sits on the board of PNE PCB Bhd and PDZ Holdings Bhd.

DGB said Chieng Siong Kuong has also been appointed independent and non-executive director of the company. He has more than 17 years experience in financial management and accounting area. Currently, Chieng is a director of several local limited companies.

DGB shares closed 0.5 sen or 7.69% higher at 7 sen today, bringing it to a market capitalisation of RM37.65 million.