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Change in Audit Committee


Date of change

Type of changeResignation
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
NameLooi Kem Loong
Qualifications1) Members of Malaysian Institute of Accountants
2) Associate Member of Institute of Chartered Accountants in England & Wales
3) Bachelor of Arts in Accounting and Finance (University of Strathclyde)
Working experience and occupation Mr Looi completed his articleship with an internationally affiliated audit firm wherein he gained valuable financial experience especially in special corporate assignments and group consolidations. He joined the corporate finance department of AmMerchant Bank Berhad until he left as manager to join Newfields Advisors Sdn. Bhd. ("Newfields"), an investment advisory company as Vice President. Subsequently, he joined a corporate services company shortly after leaving Newfields before forming Asia Bioenergy Research Sdn. Bhd. in 2006.

He has extensive corporate finance experience covering activities such as initial public offerings, cross-border restructuring, debt restructuring and other corporate proposals for public listed companies.
Directorship of public companies (if any)Nil
Family relationship with any director and/or major shareholder of the listed issuerMr Looi is the nephew of Mr Choy Kok Onn, a major shareholder of the Company.
Any conflict of interests that he/she has with the listed issuerNil
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 733 (negligible) ordinary shares of RM0.10 each and indirect interest of 10,627,083 ordinary shares of RM0.10 each in the capital of the Company, via his interest in Platimas Sdn. Bhd.
Composition of Audit Committee (Name and Directorate of members after change)1. Major Huan Cheng Guan (Chairman) - Independent Non-Executive Director
2. Lim Kim Chu (Member) - Independent Non-Executive Director
3. Leung Kok Keong (Member) - Non-Independent Non-Executive Director

Announcement Info

Stock Name ASIABIO    
Date Announced24 Nov 2011  
CategoryChange in Audit Committee
Reference NoCU-111124-49185