Former Globetronics CEO Heng Huck Lee joins PIE Industrial's board
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KUALA LUMPUR (June 6): PIE Industrial Bhd has appointed Datuk Heng Huck Lee, former CEO of Globetronics Technology Bhd, as an independent and non-executive director, effective immediately. Heng, 68, will also serve on PIE's nomination and audit committees. Concurrently, Lee Cheow Kooi has left the board to pursue personal interests. PIE reported a 54.8% increase in net profit for Q1 2025, reaching RM15.02 million, driven by higher customer demand and reduced inventory provisions. Revenue rose 13.6% to RM271.76 million. PIE shares closed at RM4.12, down 1.44% on Friday, with a year-to-date decline of 32%.
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