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KUALA LUMPUR (March 17): Advancecon Holdings Bhd (KL:ADVCON) has appointed former inspector general of police (IGP) Tan Sri Razarudin Husain @ Abd Rasid as its new independent, non-executive chairman, with immediate effect.
He succeeds Yeoh Chong Keat, 68, who resigned after serving on the board for nearly 10 years since his appointment in August 2016. Yeoh stepped down “to pursue personal interests”.
Razarudin, 63, served as Malaysia's 14th IGP from June 23, 2023, until his retirement in June 2025. He was in the police force for over four decades, starting as a cadet inspector in 1982, the group’s bourse filing showed on Monday (March 16). Over the course of his career, Razarudin has held several senior leadership roles, including Perak police chief and director of Bukit Aman's Narcotics Criminal Investigation Department, before assuming the position of IGP.
Prior to his emergence in Advancecon, Razarudin briefly served as independent non-executive chairman of NexG Bina Bhd (KL:NEXGBINA) (formerly known as Classita Holdings Bhd) following his appointment in August 2025, before he stepped down in October that same year, citing personal reasons. He was appointed NexG Bina's chairman three days after NexG Bhd (KL:NEXG) (formerly Datasonic Bhd) emerged as the largest shareholder of then Classita Holdings on Aug 8 that year, with a 32.61% stake. NexG is Malaysia's MyKad and passport supplier.
Razarudin's resignation preceded a series of regulatory events at NexG Bina, including the freezing of 16 of the company’s bank accounts by the police’s anti-money laundering unit just a month later in November 2025.
Advancecon also announced the appointment of Datuk Loo Took Gee, 70, and Wee Chuen Lii, 54, as independent non-executive directors in separate filings on Monday, following the resignation of Mohd Zaky Othman, 69, from the same post.
Loo had a 38-year stint in public service, serving in multiple senior roles across government institutions, including the Public Services Department, Ministry of Works, and Ministry of Energy, Green Technology and Water. She was appointed secretary general of the Ministry of Energy, Green Technology and Water in August 2010, a position she held until her retirement in 2016.
She currently serves on the boards of YTL Power International Bhd (KL:YTLPOWR) and Hartalega Holdings Bhd (KL:HARTA).
Wee, meanwhile, is a chartered accountant who is currently a freelance financial consultant, said Advancecon. He is also on the board of Vestland Bhd (KL:VLB).
“These appointments come at an important stage as the group builds on its growth momentum and strengthens execution discipline, governance and strategic oversight to support our next phase of expansion, as Advancecon continues to expand its project portfolio and operational footprint,” said Advancecon managing director Phum Boon Eng in a statement.
“We believe these appointments will further reinforce the group’s leadership foundation as we pursue sustainable growth and long-term value creation,” Phum added.
Advancecon’s share price closed unchanged at 19 sen on Monday, giving the group a market capitalisation of RM111 million.
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