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Change in Boardroom


Date of change

NameThong Wai Choong
DesignationExecutive Director
Type of changeResignation
ReasonMr Thong Wai Choong decided to resign from the Company in line with the organisation restructuring of the Group to allow for a more productive and effective management structure. Nonetheless, he shall continue to be in charge of the Group investee company namely, I-Lingkage Sdn. Bhd. Thus, his resignation from the Board would allow better management focus.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsBachelor Degree in Electrical Engineering (Electronics) from Universiti Teknologi Malaysia  
Working experience and occupation Mr Thong spent the first 5 years of his career specialising in building control and security system sales and projects. In late 1990's, while attached to George Kent Berhad, he was involved in the design and implementation of building control systems for the mega projects during this period namely Petronas Twin Tower, KL International Airport and Securities Commission headquarters.

In 1999, Mr Thong ventured out on his own by setting up a company that develops software applications for the direct selling multi-level marketing (MLM) industry. Realising the potential of the MLM industry, he co-founded I-Linkage Sdn. Bhd. in 2001 to market and distribute healthcare supplements. Leveraging on his expertise in developing MLM applications and providing quality products, he managed to grow I-Linkage Sdn. Bhd. into a regional MLM company in a short period of time. Currently, I-Linkage Sdn. Bhd. has active distributors in Malaysia, Indonesia, Thailand, Philippines and Singapore.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
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 16,000,000 ordinary shares of RM0.10 each in the capital of the Company.  

Announcement Info

Stock Name ASIABIO    
Date Announced24 Feb 2012  
CategoryChange in Boardroom
Reference NoCU-120224-53469