KUALA LUMPUR: Tan Sri Robert Tan Hua Choon is resigning as Goh Ban Huat Bhd (GBH) non-independent and non-executive chairman after selling his 51 per cent stake in the sanitary ware maker to Paragon Adventure Sdn Bhd.

In its filing to the Busrsa Malaysia, today, GBH said Hua Choon, who has been chairman of the ceramic and sanitary ware company since 2010, still holds a 12.82 per cent equity interest and 24.83 per cent of its outstanding warrants.

Executive directors Datuk Seri Tan Han Chuan, who is Hua Choon’s son, together with Poh Weng Choon, had also resigned.

Paragon Adventure, which triggered a mandatory general offer of GBH with its acquisition of Hua Choon’s stake, has since accumulated a 72.26 per cent stake in the company.

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