i-Stone to tap new chairman's network, eyes venture into oil and gas

TheStar Wed, Aug 19, 2020 06:04pm - 3 years View Original


KUALA LUMPUR: Technology firm I-Stone Group Bhd, which reported a drop in its second quarter earnings, has appointed Datuk Awang Daud Awang Putera as its new chairman effective today.

He replaced Datuk Azman Mahmood, who has retired from the company.

Awang Daud, one of the co-founder of Serba Dinamik Holdings Bhd, had acquired a 26.98% stake in i-Stone on Aug 11 from One United Equity Sdn Bhd.

The investment, Awang Daud had said previously, was part of his long-term business strategy to leverage on the technologies of Industry 4.0 such as automation and big data with new inroads to be made.

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