Chairman of Kumpulan Jetson resigns within two months of appointment

• Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal, who also serves as the treasurer of Koperasi Kerabat D'Raja Kelantan Al-Muhammadi Bhd, holds several positions in various organisations, including deputy chairman of Koperasi Sri Nilam Bhd, and company director at both Zaman Anggun Sdn Bhd and Anggun Jati Sdn Bhd. Additionally, he serves as the executive chairman of Malbest Sdn Bhd and as a company director at Anggun Syukur Resources.

KUALA LUMPUR (Nov 24): Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal has stepped down from the position of independent and non-executive chairman of the construction group Kumpulan Jetson Bhd, less than two months after his appointment to the position.

In a bourse filing on Friday, the 48-year-old Tengku Ibrahim cited "to pursue his personal interests in new fields" as the reason for resigning from the group's board, with immediate effect.

Tengku Ibrahim, who also serves as the treasurer of Koperasi Kerabat D'Raja Kelantan Al-Muhammadi Bhd, holds several positions in various organisations, including deputy chairman of Koperasi Sri Nilam Bhd, and company director at both Zaman Anggun Sdn Bhd and Anggun Jati Sdn Bhd. Additionally, he serves as the executive chairman of Malbest Sdn Bhd and as a company director at Anggun Syukur Resources.

In a separate bourse filing, Kumpulan Jetson also announced that Datuk Efendi Bin Omar, 40, has resigned from his position as an independent and non-executive director with immediate effect, citing the same reason: "to pursue his personal interests in new fields".

Both Tengku Ibrahim and Datuk Efendi were appointed to the board on Oct 6, with Tengku Ibrahim appointed to replace the former group's executive chairman Datuk Teh Kian An, who resigned due to health issues.

Efendi Omar is to replace Edward Ng Kah Jiun, 28, who has been redesignated as an executive director.

On Tuesday (Nov 21), Kumpulan Jetson also announced that another independent and non-executive director, Muhammad Badri Bin Mukhtar, had resigned from the group with immediate effect.

Kumpulan Jetson is involved in construction, property development, and the manufacturing of anti-vibration systems, chemicals and plastic products.

On Nov 1, the group announced that it had entered into a letter of intent with Datuk Seri Baljinder Singh to negotiate the terms and conditions for the proposed acquisition of 51% of ordinary shares in Magical Era (M) Sdn Bhd, with a cost of approximately RM32 million.

At noon break on Friday, shares in Kumpulan Jetson rose 0.5 sen or 1.92% to 26 sen, giving the group a market capitalisation of RM71.01 million.

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