KUALA LUMPUR: Tengku Dato Sri Uzir Tengku Ubaidillah and Tengku Datuk Indera Zubir Tengku Ubaidillah have resigned from the board of Citaglobal Bhd to pursue their personal interest, effective today.
Prior to the resignation, Uzir 63, was the executive vice chairman of Citaglobal, while Zubir 60, was the executive director of the company, Citaglobal said in a statement.
On Sep 15, Uzir disposed off 32.1 million shares, leaving him with a direct stake of 4.26 million shares or 0.4%.
He continues to have 30 million or 2.8% in the Citaglobal Irredeemable Convertible Preference Shares.
Zubir also disposed of 700,00 shares on Sep 20, leaving him with a direct stake of 2.07 million shares or a 0.2% stake.
The 32.1 million shares disposed of by Uzir were acquired by the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, who has now increased his stake in the company to 12.4% from 9%.