Thursday, April 24, 2008

Boards of Selangor state agency units reshuffled

By SURAJ RAJ (http://biz.thestar.com 23/4/1008)
PETALING JAYA: Kumpulan Perangsang Selangor Bhd (KPS) and its 56.47%-owned Kumpulan Hartanah Selangor Bhd (KHSB) announced a reshuffling of their boards, which took effect yesterday.
KPS and KHSB are both controlled by Kumpulan Darul Ehsan Bhd (KDEB), which is the Selangor government's special-purpose agency to undertake investments. KDEB, in turn, owns 60.12% of KPS.
KPS announced yesterday the resignations of directors Datuk Dr Karim Mansor and Datuk Dr Amran Kasimin, and two independent directors Datuk Sumadi Ismail and Datuk Ikhwan Salim Sujak. Sumadi and Ikhwan also resigned as members of the audit committee.
Datuk Azlan Hashim
According to the announcements to Bursa Malaysia, KPS said Karim, 49, was also a director of KDEB, Perbadanan Kemajuan Negeri Selangor and Syarikat Pengeluar Air Selangor Holdings Bhd.
KPS also said it had appointed AMMB Holdings Bhd deputy chairman Datuk Azlan Hashim to its audit committee.
As for KHSB, the directors who resigned yesterday were Datuk Muhammad Bushro Mat Johor, Datuk Amiruddin Setro and independent director Datuk Fateh Iskandar Mohamed Mansor. Fateh is also group managing director of Glomac Bhd.
Bushro, the State Assemblyman for Paya Jeras, also had resigned as a member of the audit committee, it said, adding that Azlan was also appointed a director of the company and member of the audit committee.
The new appointments were Wong Yien Kim as director of KHSB and Mohamed Marzuk Mohamed Basir as an executive director. The company said Wong was currently an executive director of KPS.
KPS is involved in the multi-billion ringgit Selangor-Pahang water transfer project.

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