Major directors quit SapuraKencana board

Mokhzani resigned from his post as vice chairman while Yeow resigned from his post as a non-executive director.

Mokhzani was appointed to the board of SapuraKencana on 9 December 2011 as the executive vice chairman and a non-independent executive director. On 1 February 2014, he was redesignated as a non-independent non-executive vice chairman.

Yeow was also appointed to the board of SapuraKencana on ( december 2011 as a non-independent executive director. On 1 February 2014, he was redesignated as a non-independent non-executive director.

They had already been winding down their interests since last year, with Mokhzani selling about 190m shares in February  and reducing his stake to just over 9% from the 15% he originally held. At at price of MYR4.30 per share, he reaped about MYR817m ($223.3m) Mokhzani and Yeow have gone on to plug into Yinson Holdings picking up a 18.55% stake via Kencana Capital stake in Yinson, second only to the 22% held by its chairman Lim Han Weng. Kencana bought in a 15% stake in June last year through a private placement.