KUALA LUMPUR (Oct 10): Kobay Technology Bhd has appointed Koay Wooi Tatt as its chief operating officer (COO). Wooi Tatt is the son of Koay Ah Bah @ Koay Cheng Hock, a non-independent non-executive director on Kobay’s board. Ah Bah, Datuk Koay Hean Eng and Koay Cheng Lye are brothers and major shareholders of Kobay Technology via their shareholdings in Kobay Holdings Sdn Bhd, who held 25.81% in the company as at today. Koay had previously joined Paradigm Metal Industries Sdn Bhd — a subsidiary of Lipo Corp Sdn Bhd, which is in turn a subsidiary of Kobay — as functional manager in 2003, and was promoted to general manager in 2004. Kobay fell 2 sen or 1.64% to RM1.20, translating into a market capitalisation of RM81.48 million.

Source: The Edge Markets October 10, 2016 12:22 UTC