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KUALA LUMPUR: Shares in Daya Materials Bhd, which saw a slew of changes in boardroom, jumped 50% in early trade Thursday.

The most most actively traded counter, jumped 50%, or 0.5 sen to 1.5 sen with 216.8 million shares done. In the past one year, KNM has fallen some 57%.

The company announced that group chief executive officer Datuk Lim Thean Shiang has been redesignated as chairman of the group, effective immediately.

Lim, 47, was appointed as an executive director and Group CEO in March 2015.

Other boardroom changes announced by Daya included the appointment of Shamsul Saad, 54, as managing director, and Datuk Zulkarnain MD Eusope, 51, as independent and non-executive director.

Shamsul was formerly managing director at Perdana Petroleum Bhd

while Zulkarnain was a former CEO of Felcra Bhd from 2016 to 2018.

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