Green Packet’s chief financial officer steps down

In a filing with Bursa Malaysia, the technology company said Teoh’s resignation took effect on Wednesday (Feb 2).

PETALING JAYA: Green Packet Bhd says Sereen Teoh Hooi Ling has resigned as its chief financial officer (CFO) to pursue her own interests.

In a filing with Bursa Malaysia, the technology company said Teoh’s resignation took effect on Wednesday (Feb 2).

Green Packet noted Teoh, 43, was the former CFO of BIG Rewards, a subsidiary of AirAsia Bhd.

Prior to AirAsia Digital, she was head of finance at Malayan Banking Bhd.

It added she had established the global shared services function and led the financial functions of four units operations, technology, customer service and enterprise transformation service.

She had previously also worked at CIMB Bank as Head of MIS & Planning for Group Cards and Personal Financing and PricewaterhouseCoopers as an auditor.

Green Packet’s shares closed unchanged at 7.5 sen yesterday.

Last November, the company announced that it posted lower earnings before interest, taxes, depreciation and ammortisation (Ebitda) losses for the third quarter ended Sept 30, 2021 (Q3’21), narrowing the gap to RM17.84mil from RM39.05mil in the immediate preceding quarter (Q2’21).

Its revenue for Q3’21 was recorded at RM119.16mil.

“Compared to its year-on-year outcomes which recorded revenue, Ebitda loss and losses after tax at RM162.67mil, RM0.48mil and RM7.75mil, respectively, in the same quarter last year, the group’s third-quarter FY21 results come off the back of extended lockdowns and disruptions in global supply chains,” it said.

Managing director and chief executive officer Puan Chan Cheong then said the group’s quarter-on-quarter progress was a positive signal that it was heading towards a strong year-end.