KUALA LUMPUR (March 15): Following the passing of its managing director Datuk Izham Yusoff, Bina Darulaman Bhd has appointed its group financial officer Fakhruzi Ahmad to manage its day-to-day business operations.
Bina Darulaman said it has activated a business continuity management (BCM) committee.
Based on the committee's recommendation, Fakhruzi, as the chairman of the committee, will be responsible for managing the group's day-to-day business operations, it said.
"Therefore the group financial officer will be authorised to undertake the responsibility of the group managing director until further notice," the group said in a filing to Bursa Malaysia.
Shares in Bina Darulaman closed two sen or 3.77% lower at 51 sen yesterday for a market capitalisation of RM158.01 million. Over the past year, the stock has fallen by 33.77% from 77 sen. — theedgemarkets.com