KUALA LUMPUR (Dec 31): Ornapaper Bhd executive director Sai Han Siong has been redesignated as chief executive director of the group, replacing See Wan Seng who has retired.

In a filing with Bursa Malaysia today, Ornapaper said Han Siong, 48, is the son of Sai Ah Sai, who is a non-independent and non-executive director of the group.

Han Siong has a 0.02% direct stake and a 25.92% indirect stake in the group as at March 28, 2018.

See, 71, was appointed to his current post on Dec 2, 2002. He was formerly the director and general manager of Carton Box Industrial (M) Sdn Bhd from 1990 to 1996 and a director of both Ornapaper Industry (M) Sdn Bhd and Tripack Packaging (M) Sdn Bhd since 2010.

Ornapaper shares closed down 4 sen or 4.3% at 89 sen today, with 15,000 shares done, bringing a market capitalisation of RM67 million.