QL Resources Berhad Announces Board Changes, Effective from April 1, 2019
February 27, 2019
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The Board of Directors of QL Resources Berhad announced that the existing Board composition will be re-organised in the following manner in respect of the practices governing Board Responsibilities, Board Composition and Strengthening Composition under the MCCG2017:- Position of Chia Seong Pow from Alternate Director to Chia Seong Fatt to new position as Executive Director, Chia Song Swa(independent and non- executive) from Alternate Director to Chia Mak Hooi to new position as Executive Director, Chia Lik Khai Alternate Director to Cheah Juw Teck to new position as Executive Director, Chia Seong Fatt Executive Director to new position as Alternate Director to Chia Seong Pow, Chia Mak Hooi Executive Director to new position as Alternate Director to Chia Song Swa, Cheah Juw Teck Non Independent and Executive Director to new position as Non Independent and Non-Executive Alternate Director to Chia Lik Khai. The abovementioned re-organisation will take effect on 1 April 2019. The board composition after the said re- organisation will be as follows whereby the Independent Non-Executive Directors represents about 54.5% and the women directors represent about 36.4% of the total BOD members. Mr. Chia Song Swa began his career at Genting Berhad, a company listed on the Bursa Malaysia Securities Berhad as a Management Trainee in 1984 and served for 2 years.
QL Resources Berhad is a Malaysia-based investment holding company. The Company's business segments include Marine-products manufacturing, Palm oil and clean energy, Integrated livestock farming, and Convenience store chain. The Marine-products manufacturing segment includes deep-sea fishing, manufacture and sale of fishmeal, surimi, surimi-based products and aquaculture livestock related product. The Palm oil and clean energy segment includes plantation, crude palm oil milling activities, downstream palm biomass technology, and provides renewable energy and sustainable environmental solutions. The Integrated livestock farming segment is involved in the distribution of animal feed raw materials, feed-milling, animal health supplement and related products and livestock farming. The Convenience store chain segment is engaged in the operations of convenience stores. It operates FamilyMart convenience store chain, which offers a range of wholesome ready-to-eat and easily prepared meals.