BINTAI Kinden Corporation Bhd saw the emergence of Chan Kok San who was the former co-founder and executive director of Aimflex Bhd (formerly I-Stone Group Bhd) as a substantial shareholder with a 6.55% stake.
Chan has emerged as a substantial shareholder in Bintai Kinden after acquiring 25 million shares in the company via an off-market transaction at 50 sen per share today.
Bintai Kinden closed today’s trading 1.5 sen or 3.19 % lower at 45.5 sen with 14.4 million shares traded, thus valuing the company at RM174 mil.
Chan has more than 18 years of experience in the electrical and electronics (E&E) industry with his area of expertise being in specialised automation machines.
One of the co-founders of I-Stone in 2007, he was later made the company’s executive director before his resignation from the board on Dec 31 last year.
He began his career in Flextronics Technology (M) Sdn Bhd in 2002 as a test development engineer before joining Dyson Manufacturing Sdn Bhd in 2004 as its senior electronics engineer where he was involved in the design and development of electronic circuits and printed circuit board assembly.
In 2006, he left Dyson Manufacturing to pursue his own business venture and co-founded Univeztron Technology Pte Ltd in Singapore with two partners who again joined forces to form I-Stone.
“Chan has an impressive record and solid reputation in the E&E industry and we believe Bintai Kinden will be benefiting a lot with his great access to key businesses ventures and opening opportunities for further synergistic collaborations,” commented Bintai Kinden’s executive vice chairman Ibrahim Othman,
Ibrahim who was himself appointed to the board as an independent non-executive director and subsequently promoted as executive vice chairman on March 17 had recently acquired 500,000 Bintai Kinden shares from the open market at 47 sen per share.
“Investing in Bintai Kinden is a long-term business strategy as I see value in the Company,” revealed Ibrahim.
“There is a huge potential as the company announced its venture into healthcare last year and further diversifying its portfolio into mixed property development and management projects, which is focused on providing comprehensive healthcare and wellness services as well as assisted living.”
Ibrahim has extensive working experience in electrical, mechanical, power plant, energy and telecommunication industry.
He began his career with National Electricity Board (now Tenaga Nasional Bhd) as a computer maintenance engineer in the computer maintenance section, System Operation Department, in 1985. – April 2, 2021
