News

Change In Boardroom - Dato' Lai Keng Onn

BackJun 01, 2023
Date of change 01 Jun 2023
Name DATO' LAI KENG ONN
Age 54
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Managing Director
New Position Executive Deputy Chairman
Directorate Executive

Qualifications

No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Degree

Bachelor of Science in Construction Management

Greenwich University, Australia


 

Working experience and occupation

Dato' Lai Keng Onn ("Dato' Lai") started his career as a project manager at Wira Teknik Sdn. Bhd. from 1990 to 1996. On 24 February 1997, he founded Kejuruteraan Asastera Sdn. Bhd.

His leading role as the Group Managing Director has ascended the Company from KLSE ACE Market, listed on 17 November 2017 to the Main Market of Bursa Malaysia Securities Berhad on 28 August 2020. Dato' Lai is also the founder of the power generation segment of KAB Group of Companies. The power generation business established since 2018 has augured well for the sustainable growth of the company. His exceptional management and dedicated commitment have driven the transformational journey for Kejuruteraan Asastera Berhad, which mission and vision to become a One-Stop Engineering and Energy Solutions Provider in the industry.

Family relationship with any director and/or major shareholder of the listed issuer

Dato' Lai is a major shareholder of the Company.

He is the spouse of Datin Alicia Chan Pey Kheng, the Executive Director of the Company.

Any conflict of interests that he/she has with the listed issuer

NIL

Details of any interest in the securities of the listed issuer or its subsidiaries

Ordinary Shares:-

Direct Interest: 432,379,600

Indirect Interest: 186,300,000

- Deemed interest in the shares held by Fastrans Ventures Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016.

- Deemed interest in the shares held by Stocqtech Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016.

Warrants:-

Direct Interest: 41,348,800

Indirect Interest: 11,700,000

- Deemed interest through shares held by Fastrans Venture Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016.




Remarks :

Upon the redesignation, Dato' Lai Keng Onn is the Executive Deputy Chairman cum Group Managing Director of the Company.

 


Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 01 Jun 2023
Category Change in Boardroom
Reference Number C03-24052023-00012