MUHYIDDIN’S SON TO LEAVE EDEN INC BOARD: FROM BUSINESS TO POLITICS?

KUALA LUMPUR – Datuk Fakhri Yassin Mahiaddin will relinquish his non-independent and non-executive director position in Eden Inc Bhd, effective December 31 2017.

In a filing to Bursa Malaysia, Eden said Fakhri, 42, is the son of former deputy prime minister Tan Sri Muhyiddin Yassin.

Fakhri has resigned from the board to focus on his other business commitments.

Fakhri is also the son-in-law of Tan Sri Abd Rahim Mohamad and Puan Sri Fadzilah Md Ariff, who are the executive chairman and executive director of the company respectively.

Fakhri currently holds 40,000 shares in Eden.

According to latest filings to the stock exchange, Rahim and his family hold a combined 29.40 per cent stake in Eden, of which 14.07 per cent are held via Serata Padu Sdn Bhd and another 10.92 per cent held via Zil Enterprise Sdn Bhd.

Eden businesses include power generation, restaurant, food catering, seafood retail and the manufacture of circuit breakers and electrical equipment.

At 5pm today, Eden shares closed unchanged at 17.5 sen, therefore valuing the company at RM54.49 million.

– NST

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