KUALA LUMPUR: ACE Market-listed Envair Holdings Bhd has appointed Datuk Seri Ung Eng Huat as its new executive director, according to filings with Bursa Malaysia.
His appointment as executive director on Wednesday followed his emergence as a substantial shareholder after buying 2.4 million shares or a 2.02% stake in an off-market deal on Dec 23.
As at Dec 28, Ung holds 6.7 million shares or a 5.65% equity interest in Envair Holdings. His entry into Envair comes after Deepak Jaikishan ceased to be a shareholder when he divested his six million shares on Dec 14.
According to Bursa filings, Ung has 25 years in the construction and property development industry and holds directorships in several private limited companies. He is also the executive chairman of Petrol One (Tg Asas) Sdn Bhd, which is involved in the oil and gas industry.
Ung replaced Wong Yu Sun, who resigned as executive director of Envair on Nov 9.
A check with Companies Commission of Malaysia shows that Petrol One is involved in the business of “shipping and oil and gas activities including ship broking, chartering and bunkering”. The company was registered in May. Its directors include Ung, Annuar Musa, and Mohamed Nedim Mohamed Nazri, son of Minister in the Prime Minister’s Department Datuk Seri Nazri Aziz.
Envair gained one sen to close at 24.5 sen yesterday with 12.49 million shares done.
His appointment as executive director on Wednesday followed his emergence as a substantial shareholder after buying 2.4 million shares or a 2.02% stake in an off-market deal on Dec 23.
As at Dec 28, Ung holds 6.7 million shares or a 5.65% equity interest in Envair Holdings. His entry into Envair comes after Deepak Jaikishan ceased to be a shareholder when he divested his six million shares on Dec 14.
According to Bursa filings, Ung has 25 years in the construction and property development industry and holds directorships in several private limited companies. He is also the executive chairman of Petrol One (Tg Asas) Sdn Bhd, which is involved in the oil and gas industry.
Ung replaced Wong Yu Sun, who resigned as executive director of Envair on Nov 9.
A check with Companies Commission of Malaysia shows that Petrol One is involved in the business of “shipping and oil and gas activities including ship broking, chartering and bunkering”. The company was registered in May. Its directors include Ung, Annuar Musa, and Mohamed Nedim Mohamed Nazri, son of Minister in the Prime Minister’s Department Datuk Seri Nazri Aziz.
Envair gained one sen to close at 24.5 sen yesterday with 12.49 million shares done.
