Heng Huat major shareholder Ooi is now its executive chairman

KUALA LUMPUR (Nov 2): Ooi Chieng Sim, the executive chairman of Atta Global Group Bhd, is also wearing the same hat in Heng Huat Resources Group Bhd now.

Ooi holds a 17.38% stake in Heng Huat through Skylitech Resources Sdn Bhd. He is the second largest shareholder of the company.

Ooi took over the role from Datuk Juzilman Basir, who resigned from being an independent and non-executive chairman, citing to explore personal matters. Juzilman Basir was the chief executive officer of Felcra Bhd from 2010 until 2013.

Ooi has more than 20 years of experience in plantation, trading in foodstuff, construction and the engineering sector. He is also the founder of Hock Lok Siew Realty Sdn Bhd and Skylitech Resources Sdn Bhd.

Shares in Heng Huat fell 1.5 sen or 10.7% to close at 12.5 sen yesterday, bringing the integrated manufacturer of oil palm and coconut biomass products a market capitalisation of RM42.45 million. The counter saw some 1.57 million shares traded.

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