Both brothers held the non-executive director positions within the company, but prior to Oct 4, Nasarudin — who is the joint group CEO of Naza Group — held the position of both chairman and executive director. Meanwhile, Faliq — who is the group managing director of Naza TTDI Sdn Bhd — was previously vice chairman of Jetson.
Earlier in September, Naza Group's TTDI KL Metropolis Sdn Bhd had terminated the shareholders' agreement with Jetson to build a new trade exhibition centre for Malaysia External Trade Development Corp (Matrade) on a joint-venture basis.
Naza Group initiated projects such as Matrade and Platinum Park in Kuala Lumpur city centre.
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