ONE OF MALAYSIA’S RICHEST MEN, DESMOND LIM TAKES UP TOP POST AT WCT HOLDINGS

PETALING JAYA – Tan Sri Desmond Lim, one of Malaysia’s richest men, has relinquished his post as executive chairman at Malton Bhd to become executive chairman of WCT Holdings Bhd just a day after buying a 19.665% stake in the group.

In two separate announcements, WCT announced that Lim is taking over from Datuk Capt Ahmad Sufian @ Qurnain Abdul Rashid who resigned to pursue personal interests.

Malton also announced that Lim has been redesignated as non-independent non-executive chairman of the group, and that his duties and responsibilities as the executive chairman will be reassigned to and assumed by the other executive members of the board.

THE SUN DAILY

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