Two new major shareholders join Maybulk board as executive directors

TheEdge Fri, May 13, 2022 10:40pm - 1 year View Original


KUALA LUMPUR (May 13): Businessmen Datuk Chin Yoke Kan and Datuk Goh Cheng Huat, both of whom surfaced as substantial shareholders of Malaysian Bulk Carriers Bhd (Maybulk), have been appointed as executive directors of the shipping firm effective immediately.

Goh and Chin bought 160 million shares each from Pacific Carriers Ltd, an entity controlled by tycoon Robert Kuok, last month. The 320 million shares in total is equivalent to a 32% stake.

Goh, 61, is the founder, deputy chairman and executive director of Leader Steel Holdings Bhd. He is also the founder and executive director of Eonmetall Group Bhd, according to the latest bourse filing.

Meanwhile, Chin, 60, has more than 30 years of experience in the housing development industry as well as the retailing business.

Previously, he held the position of chairman of the Pahang Real Estate and Housing Developers' Association for about 10 years and retired in 2004, and is still playing a significant role as past chairman of the association.

The share price of Maybulk gained 0.5 sen to 49 sen, giving the group a market capitalisation of RM535 million.

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