Hot Stock Seremban Engineering jumps 15% after CEO resigns
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Hot Stock Seremban Engineering jumps 15% after CEO resigns
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[size=28]Seremban Engineering jumps 15% after CEO resigns
By Surin Murugiah / theedgemarkets.com | June 28, 2016 : 9:48 AM MYTKUALA LUMPUR (June 28): Shares of Seremban Engineering Bhd (SEB) jumped 15% in thin trade this morning after its chief executive officer Chuah Cheong Jin resigned, citing other business commitment.
At 9.18am, SEB rose 4.5 sen to 34.5 sen with 12,000 shares done.
Chuah, 63, started his career in 1978 and had accumulated about 25 years of experience in steel fabrication business and metal-based industry with manufacturing capabilities that covers metal forming, machining, mould and die design and fabrication, as well as heat treatment.
In a filing with Bursa Malaysia yesterday, SEB said that before he joined the company on July 9 last year, Chuah was a project manager at SapuraKencana Pinewell Sdn Bhd, a subsidiary of SapuraKencana Petroleum Bhd.
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