Last week, HCK Capital Group Bhd saw the departure of three board members. In a filing to Bursa Malaysia, the company had announced the resignations of Executive Directors Teng Swee Eng, Dai Kuang Yen, and Liow Teck Eng.
Their departure is part of changes that most public-listed companies would go through as their business models and structures evolve and mature. The directors were the pioneers in the company, formerly known as Golsta Synergy Bhd, a Malacca-based manufacturer.
Early last year, I bought a majority stake in the company and since, it had undergone a name-change. It has also diversified into other businesses like property, media and investments. The company’s manufacturing business has since been disposed off.
With these changes, the three directors feel that they should allow others who are more experienced in HCK Capital Group’s core businesses to take over. Their services and contributions to the company is much appreciated.
The Edge ran a story about this: