KUALA LUMPUR (Feb 22): Ageson Bhd independent director Tajul Arifin Mohd Tahir has been appointed as non-executive chairman of the construction and property development group effectively immediately, replacing Datuk Baharon Talib who is stepping down after two years.

In a bourse filing on Tuesday (Feb 22), Ageson cited pursuing other interests as the reason for Baharon's resignation.

Baharon, 69, joined the board of directors of Ageson on Oct 9, 2019. He served as government servant for 35 years, holding various positions in the government sector. He started his career as an assistant district officer, state secretariat office, and also at the ministry level with the federal government. Baharon's last post was as state immigration director of Sabah.

Ageson shares closed up 0.5 sen or 20% at three sen on Tuesday, bringing a market capitalisation of RM46.75 million.