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GIIB Names Founder as Chairman

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GIIB (KLSE:GIIB) has appointed founder Tai Boon Wee as chairman with immediate effect following a boardroom leadership transition, according to a Friday Malaysian bourse filing.

He will succeed Wan Adnan Bin Wan Mamat in the role, as the latter stepped down after overseeing a period of stabilization and governance reinforcement during a regulatory review involving the founder.

Tai had previously stepped aside during a Malaysian Anti-Corruption Commission-related investigation and has now returned after being cleared of allegations, the company said.

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