KUALA LUMPUR (May 2): DPS Resources Bhd (KL:DPS) announced on Friday the resignation of its managing director Edward Sow Yuen Seng, effective immediately.

The rubber wood furniture component maker said Sow, 38, stepped down to "pursue [his] own interests".

There were no disagreements between him and the board, and no matters that required shareholders' attention, the company added in its filing with Bursa Malaysia.

Sow was appointed as managing director in July 2015, succeeding his father Tan Sri Dr Sow Chin Chuan, who assumed the role of executive chairman.

His brother Eugene Sow Chuan Sheng, mother Puan Sri Chu Kim Guek, and sister Emily Sow Mei Chet are all executive directors in the company.

As at Jan 15 this year, Chin Chuan remains the company's single largest shareholder with a 60.7% stake.

Shares of DPS Resources closed up one sen or 2.56% at 40 sen on Friday, valuing the company at RM106.29 million.

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