Wee named chairman of Eduspec Holdings

PETALING JAYA: Integrated education services provider Eduspec Holdings Bhd has redesignated its new independent director Datuk Wee Hoe Soon @ Gooi Hoe Soon ( pic) as its chairman.

Wee replaces founder Lim Een Hong, 50, who will remain as chief executive officer (CEO) of Eduspec. Lim has been the CEO since March 18, 2010.

According to Eduspec’s filings with the stock exchange, Wee, a chartered accountant and member of the Malaysian Institute of Certified Public Accountants, was appointed to Eduspec’s board on Sept 15.

He has more than 35 years of experience in the accounting and corporate finance fields and was also finance director of several private and public-listed firms.

Other listed companies currently chaired by Wee include Perusahaan Sadur Timah Malaysia Bhd and Hup Seng Industries Bhd. He is also a director in AIA Bhd and Yinson Holdings Bhd.

“Wee had been instrumental in the successful implementation of several corporate exercises, which included merger and acquisition and corporate debt restructuring exercises undertaken by public-listed companies,” said Eduspec.

Wee does not have any family ties with any directors and/or substantial shareholder of the company, nor does he have any conflict of interest with the group.

Eduspec shares closed down half a sen or 3.7% to 13 sen yesterday. At this price, the company is worth RM121.3mil.