Investor Relations

Independent Non-Executive Director/Chairman

Datuk Syed Mohamed Bin Syed Ibrahim (“Datuk Syed Mohamed”) a Malaysian, male, aged 65, was appointed as an Independent Non-Executive Chairman of Malaysia Steel Works (KL) Bhd on 1 March 2024. He obtained a Bachelor of Economics (Honours) degree in Analytical Economics from the University of Malaya. He has extensive experience and expertise in banking, corporate leadership and management, real estate development, technology and business strategy.

He began his career at Bank Bumiputera (M) Bhd and Bank Rakyat before joining the Johor State Economic Development Corporation – the predecessor of Johor Corporation. He then joined Sime Darby Land and Encorp Bhd before moving on to become the CEO of TH Properties Sdn Bhd where he successfully led the transformation of its flagship project; Bandar Enstek.

Prior to joining DRB-Hicom Bhd as Group Director of Property and Infrastructure, he also served in Saudi Arabia as the Chief Operating Officer at Knowledge Economic City in Madina. Subsequently, he was appointed as the President and Chief Executive of Iskandar Investment Bhd. He was also the Chairman of Felda Investment Corporation Bhd and Encorp Bhd.

He is also on the Board of Yayasan Sultan Ibrahim and Yayasan Kanser Tunku Laksamana. Datuk Syed Mohamed is the President and Chief Executive Officer of Johor Corporation and KPJ Healthcare University. He has also been appointed as an Adjunct Professor by the Faculty of Built Environment and Surveying University Teknologi Malaysia and as an Eminent Industry Fellow by Universiti Sains Malaysia. Datuk Syed Mohamed is currently holding directorship as Non-Independent Non-Executive Chairman of Waqaf An-Nur Corporation Berhad and also sits on the Board of Jland Group Sdn Bhd

Executive Vice Chairman

Dato’ Sri Tai Hean Leng, a Malaysian, male, aged 60, was appointed as an Executive Director of Masteel on 25 April 1994. He is also the Executive Vice Chairman of Masteel. He obtained a Bachelor of Science degree in Mechanical Engineering from the University of Southern California in 1987 and a Master’s degree in Finance from the University of Hull, United Kingdom in 1993.

He began his practical training in 1987 as a Plant Manager in the manufacturing of Liquefied Petroleum Gas (“LPG”) pressure vessels for the oil and gas industries. He has been involved in the formulation and implementation of Masteel’s corporate strategies including corporate planning, business expansion and operations. He has more than 36 years of business experience in the iron and steel industry.

Dato’ Sri Tai also sits on the Board of MS Express Sdn Bhd which is the wholly-owned subsidiary of Masteel. He also sits on the Board of Bio Molecular Industries Sdn Bhd, an associate company of Masteel and several private companies in Malaysia. Dato’ Sri Tai is a member of the board of the Malaysia Steel Institute (“MSI”) and he is the Vice President and Honorary Treasurer of the Malaysia Steel Association (“MSA”). Dato’ Sri Tai is also the Vice Chairman of Sustainable Development & Climate Change Committee (“SDCC”) of the Federation of Malaysian Manufacturers (“FMM”).

He does not hold any directorship in any other public company.

Executive Director / Chief Financial Officer

Lau Yoke Leong, a Malaysian, male, aged 55, was appointed as an Executive Director of Masteel on 16 April 2007. He joined Masteel as an Accountant in July 2000, was promoted as Chief Accountant in June 2004, and was appointed as Chief Financial Officer in April 2016. He is a Fellow Chartered Certified Accountant and a member of the Malaysian Institute of Accountants (“MIA”). He has more than 22 years of experience in various fields of accounting, audit, taxation and management matters as well as an in-house training instructor on updating accounting standards and audit software programs, corporate restructuring, corporate exercise and due diligence assignments. He started his accounting profession in 1994 as an auditor with Messrs Ong & Wong. He completed the professional qualification from The Association of Chartered Certified Accountants in late 1995. Upon graduation in 1995, he joined another public accounting firm, Messrs T.H.Liew & Gan before moving on to Messrs Deloitte Touche Tohmatsu as an auditor from 1996 to 1999. From 1999 to 2000, he was with Bell Management Services Sdn Bhd before joining Masteel. Mr. Lau also sits on the Board of MS Fabricon Sdn Bhd which is the wholly-owned subsidiary of Masteel. He also sits on the Board of Bio Molecular Industries Sdn Bhd, an associate company of Masteel and several private companies in Malaysia. He does not hold any directorship in any other public company.

Executive Director
Member of the Risk Management Committee

Ong Teng Chun, a Malaysian, male, aged 56, was appointed as an Executive Director of Masteel on 30 September 2015. He joined Masteel as an Assistant Finance Manager in September 1998 and was subsequently promoted to the position of Senior Vice President in July 2010. His principal duties include managing the Financial, Treasury and Risk Management of Masteel. He was also en-tasked to spearhead the marketing division of steel bars. He obtained his Bachelor of Business degree majoring in Banking and Finance, in 1991, from Curtin University, Western Australia. Prior to joining Masteel, Mr. Ong worked in Malaysian International Merchant Bankers Bhd (“MIMB”), where he was actively engaged in various syndicated fundraising exercises and structuring of project loan facilities. He also sits on the Board of a private company in Malaysia. He does not hold any directorship in any other public company.

Independent Non-Executive Director
Chairman of Remuneration Committee, Member of Risk Management Committee, Nomination Committee and Audit Committee

Rosdelima Binti Mohd Ali Jaafar, a Malaysian, female, aged 60, was appointed as an Independent Non-Executive Director 1 March 2024. Puan Rosdelima obtained her Bachelor of Accountancy from MARA Technological University (UiTM) and Master of Business Administration (Strategic Management) from International Islamic University Malaysia. She is a member of Malaysian Institute of Accountants (“MIA”) and a member of Malaysian Association of Tax Accountants (“MATA”). She has over 20 years of experience being a partner in an audit firm Rosdelima & Co. She was involved mainly in statutory audits of small and medium-sized enterprises. She is also a partner of Ramli & Co., an audit firm that is vastly involved in many public sector audits as a private audit firm appointed by the National Audit Department to perform the audit for Federal Statutory Bodies, State Statutory Bodies, Local Councils on behalf of the Auditor General of Malaysia. Prior to establishing Rosdelima & Co, she was a Senior Account Executive with Kaf-Seagroatt & Campbell Sdn Bhd., a stockbroking firm. She does not hold any directorship in any other public company.

Independent Non-Executive Director
Chairman of Audit Committee, Members of Nomination Committee and Remuneration Committee

Roy Thean Chong Yew, a Malaysian, male, aged 52, was appointed as an Independent Non-Executive Director of Masteel on 2 July 2015. He is a member of the Malaysian Institute of Certified Public Accountants (“MICPA”), Malaysian Institute of Accountants (“MIA”) and a Chartered Member of Institute of Internal Auditors of Malaysia (“CMIIA”). He started embarking on his career path in 1994 with PKF Malaysia. After accumulating extensive working experience in his field, he left PKF Malaysia as an Audit Manager in 2003 to join a professional services firm, Russell Bedford Malaysia Business Advisory Sdn. Bhd. (“RBMBA”) for another six (6) years, rising to the position of an Executive Director. In 2009, he left RBMBA to start his own business venture. With over 27 years of working experience in local and international professional services firms, Mr Roy Thean has been involved in rendering a wide and diverse range of professional services to public listed companies and multinational and large national enterprises. His work encompasses a wide range of professional services with his core practice being in corporate finance and advisory work for transaction support services including business valuations, financial due diligence, preparation of business plans and financial modeling, internal control and business risk review, corporate governance, risk management, merger/ acquisition-related services, internal and external auditing. Presently, Mr Roy Thean is holding directorships in JAG Berhad, which is listed on the Ace Market and Teladan Group Berhad (formerly known as Teladan Setia Group Berhad), which is listed on the Main Market.

Independent Non-Executive Director
Chairman of Risk Management Committee and Nomination Committee, Member of Remuneration Committee and Audit Committee

Zueraini Binti Ahmad Basri, a Malaysian, female, aged 50, was appointed as an Independent Non-Executive Director on 1 July 2022. With a Bachelor of Business Administration, Finance & Organisational Behavior from the University of Missouri-St.Louis and Master’s in Finance from the Royal Melbourne Institute of Technology University, Puan Zueraini is currently pursuing a Climate and Sustainability certification to further contribute to sustainability efforts. With over 26 years of experience in risk management across financial institutions, encompassing both local and foreign banks, she is recognised for her leadership. Notably, she played a pivotal role in establishing integrated risk management as the first Chief Risk Officer for BMW Financial Services Malaysia. In this capacity, she oversaw a range of risk domains such as retail and commercial credit, operational risk, enterprise risk, market risk and business continuity management. During her tenure in banking, she focused on evaluating credit across commercial, corporate and investment sectors, encompassing both conventional and Islamic banking practices. Her proficiency lies in assessing credit and financial viability, structuring loans and ensuring robustness in corporate governance and risk management frameworks. Utilising her extensive knowledge, she advocates for proactive risk management strategies to support business objectives and encourages an enterprise-wide risk management approach. She does not hold directorship in any other public company.

Executive Director

Ng Siew Peng, a Malaysian, female, aged 45, was appointed as an Executive Director on 23 November 2017. She obtained a Master of Business Administration with specialisation in Finance from the University of Southern Queensland, Australia. She has more than 20 years of working experience in Corporate Finance and Corporate Governance. Ms Ng’s journey at Masteel began in October 2012, starting as an Assistant Finance Manager and advancing to the role of Corporate Manager in April 2016. In her current capacity, she assumes the responsibilities of ensuring the integrity of the governance framework and overseeing compliance with statutory and regulatory requirements. Additionally, Ms Ng has been tasked with spearheading Masteel’s sustainability team to drive the company’s Environmental Social and Governance (“ESG”) strategies and initiatives. Before joining Masteel, she played instrumental roles at Frontken Corporation Berhad, working closely with Senior Vice President to achieve corporate objectives and engaged in finance-related assignments. From 2004 to 2010, Ms Ng was with Soon Seng Palm Oil Mill Sdn Bhd aiding the Group Director in the implementation and coordination of new overseas investment plan. She also sits on the Board of a private company. She does not hold any directorship in any other public company.