KUALA LUMPUR (Feb 15): IOI Corp Bhd announced on Tuesday (Feb 15) Datuk Kong Sooi Lin’s appointment as the plantation group’s independent and non-executive director.

According to IOI Corp's Bursa Malaysia filing, Kong’s appointment will be effective on Wednesday (Feb 16).

"Kong has over 30 years of investment banking experience and has extensive equity and debt transaction expertise, having advised on numerous highly profiled and industry-shaping corporate exercises in Malaysia and Asia Pacific. 

"Kong began her career with Ernst & Whinney (now known as Ernst & Young) and Arthur Anderson & Co and then joined Bumiputra Merchant Bankers Bhd under corporate banking in 1989. 

"In 1994, she joined CIMB Investment Bank Bhd and had been with CIMB Group Holdings Bhd for 25 years until her retirement from CIMB Investment Bank as its chief executive officer in March 2019,” IOI Corp said.

IOI Corp said Kong is also an existing director in AMMB Holdings Bhd and Eco World International Bhd. 

At Bursa’s Tuesday afternoon break, IOI Corp's share price settled up five sen or 1.21% at RM4.19, giving the company a market capitalisation of about RM26.02 billion based on the group’s 6.21 billion issued shares.

IOI Corp saw 4.52 million shares changing hands.