Tan Boon Leng resigns as N2N Connect director

TheEdge Fri, Mar 11, 2022 06:39pm - 1 year View Original

KUALA LUMPUR (March 11): N2N Connect Bhd announced the resignation of Datuk Tan Boon Leng as the company’s independent and non-executive director effective Friday (March 11).

Tan, who had served on the board since 2009, has decided to step down as a director of the company after more than 12 years of service to the provider of integrated e-commerce solutions for securities trading.

Tan directly holds 1.92 million shares and 903,466 warrants, and indirectly holds 96,366 shares and 197,841 warrants in the company via his wife Maggie Chong Mei Ling, according to the stock exchange filing announcing his resignation.

Shares of N2N were unchanged at 52 sen, with a market value of RM310.9 million. Over the past year, the stock has declined 29.73%.

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