Tafi Industries CEO to become managing director as Azlan moves to executive director
Datuk Seri Azlan Azmi’s redesignation takes immediate effect, with no reason given for the boardroom changes.
Tafi Industries Bhd said group chief executive officer Datuk Seri Wong Sze Chien will succeed Datuk Seri Azlan Azmi as managing director. The furniture manufacturer announced that Azlan has been redesignated as executive director with immediate effect.
The company disclosed the changes in a Nov 6 bourse filing without explaining the reasons. Azlan’s appointment as group managing director dates back to Oct 2020.
Azlan, Wong and executive director Datuk Seri Andrew Lim Eng Guan hold collective control over 45.55% of Tafi through Armani Synergy Sdn Bhd. Their direct interests are 0.08%, 2.25% and 2.29%, respectively. Wong and Lim are cousins.
The three gained control in September 2020 through Armani Synergy’s purchase of a 51.01% interest for RM19.76 million. This prompted a mandatory takeover offer priced at 50 sen for each share, which concluded the following month.
An earlier filing showed that Tafi recorded RM324.64 million in revenue and RM40.22 million in net profit for FY2026, ending June 30, 2026. A change in its financial year end meant no prior-year comparative figures were provided.
Tafi’s last traded share price on Thursday was unchanged at 65 sen, valuing the company at RM246.6 million.
