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Firstly, on April 26, 2023, Bahvest received a notice which sought the removal of Datuk Sri Dr. Md Kamal Bilal, Datuk Lo Fui Ming, and Lo Teck Yong from their directorial positions.
Simultaneously, the notice proposed the appointment of Chong Tzu Khen, Law Ngia Meng, and Chong Mee Fah (also known as Frederick Chong) as new directors.