Change in Boardroom
| FAST TRACK SOLUTION HOLDINGS BERHAD |
|
Date of change | 29/07/2010 |
| Type of change | Resignation |
| Designation | Executive Director |
| Directorate | Executive |
| Name | YAP TERNG SHENG |
| Age | 36 |
| Nationality | MALAYSIAN |
| Qualifications | HE HOLDS A DEGREE IN BUSINESS FINANCE FROM THE UNIVERSITY OF OKLAHOMA, USA IN 1996 AND LATER CONCLUDED HIS MASTER IN BUSINESS ADMINISTRATION IN DECISION SCIENCE IN 1998 FROM THE SAME UNIVERSITY. |
| Working experience and occupation | HE WAS APPOINTED AS THE EXECUTIVE DIRECTOR OF THE COMPANY ON 1 MAY 2008. HE STARTED HIS CAREER IN EXPLORING THE CUTTING EDGE OF WEB TECHNOLOGY AND HAS EXTENSIVE WORKING EXPERIENCES WITHIN THE INFORMATION TECHNOLOGY INDUSTRY IN THE UNITED STATES OF AMERICA. PRIOR TO THE SETTING UP OF CUBETECH ASIA SDN. BHD. ("CASB"), A SUBSIDIARY OF THE COMPANY, HE WAS A DIRECTOR OF E-BUSINESS DEPARTMENT OF A LOCAL COMPUTER & SYSTEM INTEGRATION COMPANY WHICH PROVIDES SYSTEMS AND NETWORK SERVICES TO MULTINATIONAL CORPORATIONS, MALAYSIAN CORPORATIONS, GOVERNMENT AGENCIES AND SMALL MEDIUM INDUSTRIES CLIENTS. HE WAS INVOLVED IN THE REORGANISATION AND TURNAROUND OF THE COMPANY AND WAS LATER PROMOTED AS CHIEF INFORMATION OFFICER IN THE ORGANISATION. HE INCORPORATED CASB IN 2004, FOCUSES IN ONLINE GAME DEVELOPMENT, PUBLISHING AND DISTRIBUTION. CURRENTLY, HE IS ALSO THE CHIEF EXECUTIVE OFFICER OF CASB, OVERSEEING THE OVERALL DIRECTION, BUSINESS MODEL REALISATION AND BUSINESS DEVELOPMENT OF CASB. HE ALSO SITS ON THE BOARD OF DIRECTORS OF SEVERAL PRIVATE LIMITED COMPANIES IN MALAYSIA, SINGAPORE AND KOREA. |
| Directorship of public companies (if any) | NIL |
| Family relationship with any director and/or major shareholder of the listed issuer | NIL |
| Any conflict of interests that he/she has with the listed issuer | NIL |
| Details of any interest in the securities of the listed issuer or its subsidiaries | HE HOLDS THE FOLLOWING INTERESTS IN THE COMPANY: - i) DIRECT SHAREHOLDINGS : 227,100 ORDINARY SHARES OF RM0.10 EACH; ii) INDIRECT SHAREHOLDINGS: 13,761,600 ORDINARY SHARES OF RM0.10 EACH HELD THROUGH HLG NOMINEE (TEMPATAN) SDN. BHD. PLEDGED SECURITIES ACCOUNT FOR YAP TERNG SHENG |
| Remarks : |
| HE ALSO CEASED TO BE THE CHAIRMAN OF THE RISK MANAGEMENT COMMITTEE AND THE MEMBER OF THE OPTION COMMITTEE OF THE COMPANY WITH EFFECT FROM 29 JULY, 2010. |
Announcement Info
| Company Name | FAST TRACK SOLUTION HOLDINGS BERHAD (ACE Market) |
| Stock Name | FASTRAK |
| Date Announced | 29 Jul 2010 |
| Category | Change in Boardroom |
| Reference No | CC-100715-62175 |
