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Change in Boardroom


Date of change 23 Mar 2023
Age 65
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Independent Director
New Position Non-Independent Director
Directorate Non Independent and Non Executive


Major/Field of Study
Additional Information
Master of Arts in Corporate Finance and International Trade
Edinburgh University, United Kingdom

Working experience and occupation
Dato' Jaganath Derek Steven Sabapathy ("Dato' Jagan") is our Senior Independent Non-Executive Director. He holds a Master of Arts majoring in Corporate Finance and International Trade from Edinburgh University, United Kingdom in 1981. Upon graduation, he joined a leading London firm of chartered accountants, Price Waterhouse.
In 1984, Dato' Jagan returned to Malaysia and joined KPMG Peat Marwick as a Manager. He was appointed as a Partner of KPMG Malaysia in 1990. Whilst at KPMG Malaysia, he was involved in a wide range of assignments covering audit, investigations, management consultancy and corporate finance, in Malaysia, the ASEAN countries, North America and Europe. He sat on a variety of KPMG International Committees including committees for Mergers and Acquisitions, Privatisation and Management Consultancy. He was also an examiner for the professional examinations of the Malaysian Association of Certified Public Accountants (MACPA).
Dato' Jagan left KPMG Malaysia in late 1994 to join Benta Plantation Berhad as an Executive Director. In 1995, he left Benta Plantation Berhad and was appointed as Director of Austral Lao Power Co. Ltd. He joined Prime Utilities Berhad and Indah Water Konsortium Sdn. Bhd., Malaysia's privatised national wastewater utility, in 1997 as Managing Director of both the companies, a position he held up to late 1999. From 1999 until his retirement in end 2013, Dato' Jagan served as the Chief Executive Officer/ Director of Bandar Raya Developments Berhad Group and Director of Mieco Chipboard Berhad.
Dato' Jagan is the Founder and Chief Executive Officer/Director of Tribeca Real Estate Asset Management Sdn Bhd, a niche property development company. He is also the Deputy Chairman of Microlink Solutions Berhad and a Director of Principal Asset Management Berhad as well as Ho Hup Ventures (KK) Sdn Bhd and Golden Wave Sdn Bhd, a subsidiary and associate of Ho Hup Construction Company Berhad.
Family relationship with any director and/or major shareholder of the listed issuer
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

Remarks :
Dato' Jagan will be redesignated as a Non-Independent Non-Executive Director with effect from 23 March 2023 upon completion of 9-year tenure on the Board. He will relinquish his role as the Senior Independent Director with effect from 23 March 2023.

Further to this, Dato' Jagan's directorate in the Risk Management Committee, Audit Committee and Board Tender Committee will be changed to Non-Independent Non-Executive with effect on the same date.

Announcement Info

Date Announced 23 Mar 2023
Category Change in Boardroom
Reference Number C03-22032023-00001