CIVIL engineering specialist Sarawak Consolidated Industries Bhd (SCIB) which has Serba Dinamik Holdings Bhd group managing director and CEO Datuk Dr Mohd Abdul Karim Abdullah as its non-executive chairman has appointed two Bintai Kinden Corp Bhd executive directors as its new independent non-executive directors (INEDs) with immediate effect.
The duo are Noor Azri Noor Azerai and Ku Chong Hong, of which Noor Azri is also an INED of Serba Dinamik whose stock has been suspended from trading since October 22 last year.
In addition to Noor Azri and Ku, SCIB in its special board of directors’ meeting held yesterday (March 17), has also resolved to appoint chartered certified accountant Shamsul Anuar Ahamad Ibrahim, 59, as the company’s INED. His appointment would also take place with immediate effect.
“We are confident that the (new) appointments will add to the breadth of diverse experience and expertise to drive the Company’s future aspirations,” commented SCIB’s group managing director/CEO Rosland Othman.
“The board will benefit from their knowledge and unique perspectives.”
Based on Shamsul Anuar’s past tenure with the company, Rosland said the former has contributed effectively to SCIB in terms of governance and risk management.
A fellow of the Association of the Chartered Accountants UK, Shamsul is currently the general manager of Permodalan ASSAR Sdn Bhd, the holding company of Amanah Saham Sarawak Bhd (ASSB).
Meanwhile, Ku, 33, brings over eight years of experience in audit and assurance as well as business advisory as he has previously been involved in various local and international companies in multiple industries.
Aside from his executive directorship in Bintai Kinden, Ku also serves as INED in Malaysian Genomics Resource Centre Bhd (MGRC) and NWP Holdings Bhd.
Noor Azri, 23, has experience in corporate finance and investment in equity and commodity derivatives during his stint with M&A Securities Sdn Bhd and Maybank Investment Bank Bhd which among others, involved initial public offering (IPO) exercise as well as managing portfolios of high value net worth individuals.
Apart from his executive directorship in Bintai Kinden and MGRC, he is also an INED with Serba Dinamik and NWP Holdings.
His key achievements included turning Bintai Kinden’s earnings into the black since the company’s 1Q FY3/2022 ending March 31, 2022 in addition to being the founder of a UK-based company involved in investment in private companies in the UK and Europe.
At the close of yesterday’s trading, SCIB was unchanged at 23 sen with 6.84 million shares traded which thus valued the company at RM134 mil. – March 18, 2022
