KUALA LUMPUR (Feb 27): Toyo Ventures Holdings Bhd (KL:TOYOVEN) has announced the resignation of its group managing director Chew Cheong Loong from the group's helm, effective Saturday (Feb 28). Toyo Ventures is grappling with the aftermath of the termination of the Song Hau 2 thermal power plant project in Vietnam, previously a cornerstone of its growth plans. Beyond its project troubles, Toyo Ventures also saw a major shareholder change in October last year. Toyo Ventures' other substantial shareholders comprise executive director Tham Kut Chong with 12.2% and Lam Peng Kee with 7.44%. Besides Chew’s slated departure, Toyo Ventures also announced the appointment of Ng Jing-Yi as a non-independent and non-executive director, effective Saturday.

Source: The Edge Markets February 27, 2026 15:21 UTC