Green Packet, NWP Holdings, Straits Energy

Green Packet, NWP Holdings, Straits Energy
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KUALA LUMPUR (Feb 3): Based on corporate announcements and news flow on Thursday (Feb 3), companies that may be in focus on Friday include Green Packet Bhd, NWP Holdings Bhd and Straits Energy Resources Bhd.

Sereen Teoh Hooi Ling has resigned as Green Packet Bhd's chief financial officer (CFO) to pursue her own interests. Green Packet said the resignation was effective Feb 2. It said Teoh was formerly the CFO of BIG Rewards, a subsidiary of AirAsia Group Bhd.

NWP Holdings Bhd's managing director Datuk Seri Kee Soon Ling — who is being sued by the company's new management over alleged fraudulent transactions — has upped his stake in the company to 9.745% after acquiring 2.7 million shares on Jan 31. The timber products manufacturer said the shares represent a 0.51% stake in the company and were transacted at 17.5 sen per share. The estimated cost for the stake purchased is RM472,500. Following the latest acquisition, Kee now has 51.3 million shares in NWP.

Straits Energy Resources Bhd (formerly known as Straits Inter Logistics Bhd) has appointed Sunny Ho Khin Choy as the chief executive officer of its indirect subsidiary Straits CommNet Solutions Sdn Bhd effective Thursday (Feb 3). The group said Ho will lead Straits Energy's push into the 5G-driven digital space and the internet of things (IoT) transformation of the regional oil and gas (O&G) industry. The appointment comes in the wake of Straits Energy entering into a memorandum of understanding with Texas-based Baicells Technologies Co Ltd to collaborate on driving the growing wireless network communication business opportunities of the 4G and 5G roll-out and the digital transformation of the local and regional O&G industry through IoT.

S Kanagaraju