Soil Sub Technologies (ASX:SOI) has appointed Azlan Asidin as a non-executive director and plans to provide an update on its Malaysian property projects next week
Asidin has almost 30 years’ experience in the construction, plantation, oil and gas and corporate sectors.
This includes holding senior positions such as senior vice president and chief executive officer in public listed companies.
He has extensive experience in managing major clients with over 20 years working in senior roles for client organisations, technology & project management companies, and contractors
One of his prior appointments was as project engineering and factory manager for one of Malaysia’s first pre-fabricated concrete systems.
Asidin is a director of Petrol One Resources Berhad (MK:PORB) and is a director of several private companies in Malaysia and Labuan.
Thomas Alabakis has stepped down as a non-executive director with immediate effect.
The Company will provide an update to the market early next week in respect to the Malaysian property projects.
Soil Sub held an option to acquire Platinum JV Developments Sdn Bhd (PJVD), which is the Principal Developer for a model township covering 500 acres at Penor.
Penor is located 15 kilometres south-west of Kuantan, the capital of the State of Pahang, Malaysia.
The township planned for Penor is a significant one comprising 5,000 houses and associated infrastructure for a budget of RM 1.7 billion (A$595 million).
The Penor project represents the first phase of Malaysia’s Affordable Housing Project which is targeted at lower to middle income Malaysian citizens.
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