KUALA LUMPUR: IBRACO BHD [] has appointed Datuk Wee Song Ching, who owns a 16.78% stake in the company, as its executive director on Wednesday, Dec 29.
Wee, 53 emerged as a substantial shareholder after he was issued 16 million new Ibraco shares at RM1 each in exchange for 2.62 hectares of mixed zone land for RM16 million.
After the issuance of the 16 million shares, his stake increased to 19.39 million shares or 16.78%.
Ibraco said Wee's private companies are principally involved in CONSTRUCTION [].
The company said Wee has more than 20 years of extensive experience in construction and building industry. He served as director and company secretary to several private companies in Sarawak.
Wee, 53 emerged as a substantial shareholder after he was issued 16 million new Ibraco shares at RM1 each in exchange for 2.62 hectares of mixed zone land for RM16 million.
After the issuance of the 16 million shares, his stake increased to 19.39 million shares or 16.78%.
Ibraco said Wee's private companies are principally involved in CONSTRUCTION [].
The company said Wee has more than 20 years of extensive experience in construction and building industry. He served as director and company secretary to several private companies in Sarawak.
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