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Change in Boardroom


Date of change 25 Sep 2019
Age 62
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Executive Director
New Position Group Managing Director
Directorate Executive


Major/Field of Study
Additional Information
High School Education
Tsun Jin High School 

Working experience and occupation
Dato' Sri Yap Ngan Choy has more than 40 years of experience in property development and property related business. 

Dato' Sri Yap started his career as a tiling contractor. In 1985, he ventured into the construction industry by setting up his own company which specializes in tiling works. In 1997, he had further established a construction company.

Among the tiling and construction projects that were successfully completed under him included multiple notable projects for hotels, condominiums, housing commercial hubs and complexes, the Prime Minister's office and residence in Putrajaya as well as various government projects across Malaysia. 

In 2008, he ventured into property development and had successfully rehabilitated various abandoned projects with the major ones being Bandar Salak Perdana which was one of the largest abandoned projects in Malaysia at that time and was completed and handed over to owners in 2014. 

In 2012, he further embarked on the rehabilitation of another abandoned project which was revived into the Ion Delemen development in Genting Highlands. 

Collectively, he has completed development projects with an estimated aggregate gross development value of approximately RM1.0 billion.

He is also a shareholder and Director of several private limited companies which are principally involved in property development.
Family relationship with any director and/or major shareholder of the listed issuer
He is the brother of Dato' Yap Fook Choy and controlling shareholder of PLNC Holdings Sdn Bhd, the Company's major shareholder. He is also the father of Mr. Yap Chun Theng and the uncle of Mr. Sae-Yap Atthakovit.
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries
Direct Interest - Nil
Indirect Interest - 341,484,251 Shares

Remarks :
On 25 September 2019, the Board has approved the following redesignation of the Directors:-

i) Redesignation of Dato' Sri Yap Ngan Choy from Executive Director to the Group Managing Director/Group Chief Executive Officer; and

ii) Redesignation of Dato' Yap Fook Choy from Executive Director to the Group Executive Director

Announcement Info

Stock Name GRANFLO
Date Announced 25 Sep 2019
Category Change in Boardroom
Reference Number C03-25092019-00007