KUALA LUMPUR: Sarawak Consolidated Industries Bhd's (SCIB) executive chairman Abang Abdillah Izzarim Bin Datuk Patinggi Tan Sri Abang Haji Abdul Rahman Zohari's surprise withdrawal of his bid for re-election to the board of the company sent the company's share price down by 4 per cent.
It was trading at 77 sen a share and was the most actively traded counter in early trade.
A resolution to re-elect Abang Abdillah to the board of directors of the company was withdrawn at the company's annual general meeting yesterday.No reason was given for the change.
He was appointed as executive chairman in June 2023.
Datuk Seri Zaini Jass, who was previiusly Federal Police management department director, was appointed to replace Abang Abdillah but as a non-executive chairman. Zaini also holds directorships in Artroniq Bhd and Asdion Bhd.
The resolution to re-elect Independent director Shamsul Anuar Ahamad Ibrahim and Chin Choon Wei were also withdrawn. Chin resigned as executive director in late November for personal reasons.
At the AGM, Mohd Nazri Bin Mat Noor, Kang Wei Luen, Liaw Way Gian, and Dr. Dang Nguk Ling were all re-elected to the board.
Along with them SCIB announced that Chiew Jong Wei and Datuk Tan Kok Boon were also appointed to the board.