KUALA LUMPUR (March 15): Hock Lok Siew Corporation Bhd chairman Ooi Chieng Sim resigned on Thursday, due to health reasons arising from a court case.
A statement to Bursa Malaysia said Ooi, 42, had resigned as advised by his family and personal doctor due to pressure and stress arising from the court case with MALAYAN BANKING BHD [].
The case was in relation to the corporate guarantees amounting to RM31.25 million.
Hock Lok Siew said Ooi is the managing director and shareholder in Hock Lok Siew Realty Sdn Bhd, a major shareholder of the company.
A statement to Bursa Malaysia said Ooi, 42, had resigned as advised by his family and personal doctor due to pressure and stress arising from the court case with MALAYAN BANKING BHD [].
The case was in relation to the corporate guarantees amounting to RM31.25 million.
Hock Lok Siew said Ooi is the managing director and shareholder in Hock Lok Siew Realty Sdn Bhd, a major shareholder of the company.
