Epicon executive chairman joins Lagenda Properties’ board

• Koong Wai Seng, 57, was redesignated as an executive chairman of Epicon, formerly known as Konsortium Transnasional Bhd, on Oct 1.

KUALA LUMPUR (Dec 31): Epicon Bhd (KL:EPICON) executive chairman Koong Wai Seng (pictured) is joining Lagenda Properties Bhd’s (KL:LAGENDA) board as an executive director.

The property company also appoints Chua Seng Hooi as executive director effective Dec 31, according to the company’s filing.

Koong, 57, was redesignated as an executive chairman of Epicon, formerly known as Konsortium Transnasional Bhd, on Oct 1.

Lagenda and Epicon have common shareholders — Datuk Doh Jee Ming and his brother Datuk Doh Tee Leong. The Doh brothers are the controlling shareholder of Lagenda holding 59%. Jee Ming is the managing director of Lagenda.

They also own an 11% stake in Epicon via Doh Properties Sdn Bhd. Tee Leong is an executive director of Epicon.

“Koong has nearly 30 years of diverse experience spanning industries namely, audit, hospitality, healthcare, property development and construction,” Lagenda said.

His past experiences include senior auditor at Arthur Andersen & Co, group finance director at Sunway Group, ED at Tropicana Corp Bhd (KL:TROP), chief executive officer (CEO) at Sunsuria Bhd (KL:SUNSURIA), Quill Group as well as Skyworld Development Group.

Meanwhile, Chua, 59, has over 28 years of professional experience, holding senior positions with notable entities such as IOI Properties Group Bhd (KL:IOIPG), Mines Resort Bhd, Mah Sing Group Bhd (KL:MAHSING) and Guocoland (Malaysia) Bhd (KL:GUOCO).

“Chua joined Lagenda in 2023. With his diverse experience, he has been instrumental in driving revenue and profitability across various operations, encompassing projects ranging from landed homes to commercial offices,” it said.

Lagenda noted that Chua’s leadership has extended internationally, with ventures in Singapore, China, Japan, Australia, the United Arab Emirates, and the UK.

In May, Lagenda was in the spotlight after the Malaysian Anti-Corruption Commission (MACC) detained its senior personnel in an investigation into the subdivision of Malay reserve land in Manjung, Perak.

The news led to the sharp fall in its stock price, dropping to a nearly four-year low of 85.5 sen. This has also cast a shadow on Epicon's shares, falling as much as 38.75% to 24.5 sen, prompting Bursa Malaysia to issue an unusual market activity (UMA) query.

At 3.06pm, shares of Lagenda were traded one sen or 0.76% higher at RM1.33, valuing the group at RM1.11 billion.

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