KUALA LUMPUR (April 20): SHH Resources Holdings Bhd has appointed Yee Swee Meng as its new chief executive officer (CEO) with effect from Thursday (April 20) after its former CEO James Teo Bok Yu resigned on Monday to "pursue other interests".

Bok Yu is the son of SHH Resources founder and managing director Datuk Teo Wee Cheng, who along with his wife Datin Teo Chan Huat, are major shareholders in the group with a combined stake of 17.28%.

Wee Cheng, 65, had claimed trial in the Sessions Court in Johor Bahru on Feb 22 to soliciting bribes worth RM12.8 million and receiving RM1.5 million in connection with the Jana Wibawa programme.

In a bourse filing on Thursday, SHH Resources said Yee, 64, is an independent non-executive director for Aurelius Technologies Bhd.

He served as the financial director cum executive chairman's special assistant in Sunpro Capital Group Ltd, Vietnam from 2018 to 2019, before focusing on financial advisory work.

He was part of VS Industry Group from 2008-2017 with three roles, namely finance controller, finance director of VS Industry Vietnam Joint Stock Company, and the general director of VS Technology Pte Ltd, Vietnam.

Other companies he had served in include Unichamp Mineral Sdn Bhd, RGM International Pte Ltd, STS Technic Bhd, Primework (M) Sdn Bhd, and MBF Finance Bhd.

SHH Resources’ share price closed unchanged at 78 sen on Thursday, valuing the group at RM78 million.

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