Date : 03 May 2005

Change in Boardroom

NEXNEWS BERHAD

Date of change

03/05/2005
Type of changeRedesignation
Previous PositionChief Executive Officer
New PositionDeputy Chairman
DirectorateExecutive
NameTong Kooi Ong
Age46
NationalityMalaysian
QualificationsHe holds a Bachelor of Arts in Business Administration and a Master of Arts (Economics & Finance) from Simon Fraser University, Canada. In 2002, he obtained his Doctor of Laws (Honoris Causa) from Simon Fraser University.
Working experience and occupation Mr. Tong was appointed to the Board of Nexnews Berhad on 1 June 2000. Prior to his redesignation as Executive Vice Chairman, he was the Chief Executive Officer and Deputy Chairman of the Company. Before joining Nexnews Berhad, he was the founder, Chief Executive Officer and Director of Phileo Allied Berhad, a financial services group from 1994 until his resignation in May 2000.
Directorship of public companies (if any)Sunrise Berhad
Family relationship with any director and/or major shareholder of the listed issuerHe is a brother of Tong Kooi Soon who is also on the Board of Nexnews Berhad.
Details of any interest in the securities of the listed issuer or its subsidiariesIndirect interest - 26,512,600 ordianry shares of RM1.00 each (31.47%)
Direct interest - 4,000,000 Irredeemable Convertible Preference Shares of RM0.10 each ("ICPS")(2.58%)
Indirect interest - 30,638,070 ICPS (19.80%)

Remarks :
Mr. Tong Kooi Ong relinquishes his position as Chief Executive Officer of the Group.


Announcement Info

Company NameNEXNEWS BERHAD  
Stock Name NEXNEWS    
Date Announced3 May 2005  
CategoryChange in Boardroom
Reference NoNN-050503-50115