Globetronics Technology Bhd has appointed Ta Shun Dher as its new non-executive chairman, effective Wednesday, Jan 14. Concurrently, the company redesignated former executive chairman Liaw Way Gian as an executive director.
Shun Dher, 38, is the son of the late Tan Sri Ta Kin Yan, founder of the Waz Lian Group and Majestic Gen Sdn Bhd. Together with his elder brother Ta Wee Dher, he has helped lead Majestic Gen, a property developer known for its lifestyle-focused and architecturally innovative projects.
Before joining Globetronics, Shun Dher oversaw rapid regional expansion at IT Sea Holdings Sdn Bhd, establishing over 20 new operations across Southeast Asia in five years. IT Sea Holdings operates across various consumer sectors, including food and beverage (Bape Café), fashion retail (Aape products), and distribution of IT games and toys, with a 70% stake in Aape Singapore and an associate interest in Thailand’s Infinite 23 Co Ltd. He holds a 4.36% stake in Globetronics, equivalent to 30.8 million shares.
Separately, Globetronics announced that Francis Leong Seng Wui, who joined the board following the company’s RM45 million investment in the now Greentronics Technology Bhd in July 2025, has resigned to pursue personal interests. Leong’s departure follows previous resignations from Hong Seng Consolidated Bhd and Revenue Group Bhd in late 2025.
With the exit of the Ng Kweng Chong family, Globetronics’ largest shareholders are now Ooi Keng Thye (10.89%) and APB Resources Bhd (9.91%).
As of Sept 30, 2025, Globetronics reported cash holdings of RM32.59 million, down from RM114.82 million a year earlier, following a series of investments. The company remains debt-free, with RM83.06 million in other investments and RM50.67 million in associates.
Since the July 2025 Mpire investment, Globetronics’ share price has continued to slide, worsened by previous auditor resignations and institutional sell-offs in September 2024. The stock closed at 28.5 sen on Wednesday, its lowest level since April 2009, giving the company a market value of RM201.26 million.
