Zahid's Daughter Redesignated As MQ Tech Chairperson On The Same Day He Clocked In As DPM

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According to The Edge Markets, Datuk Nurulhidayah Ahmad Zahid was redesignated to the position, switching roles with Datuk Lim Char Boo, who is now the group's vice chairperson.

The redesignations of Nurulhidayah and Lim took effect on Monday, as stated in MQ Tech's Bursa Malaysia filing.

On the same day, Zahid clocked in as Deputy Prime Minister under Datuk Seri Anwar Ibrahim's administration.

Prior to this, on 2 June, Nurulhidayah assumed the role of vice chairperson, while Lim was the chairperson since 29 November 2019 following his redesignation from the post of independent director.

According to Berita Harian, Nurulhidayah has a degree in Communications from Universiti Putra Malaysia and a Bachelor of Business Administration from Lincoln University College.

The Deputy Prime Minister's daughter has served as the vice president of corporate communications at Syarikat Perumahan Negara Bhd (SPNB), a government-linked company, from December 2012 to April 2016.

MQ Tech's business involves the rapid tooling and prototyping business, which develops moulds, tools, dies, jigs, and fixtures used to manufacture hard disk drives, or used in the automotive and medical industries.

Following the news of Nurulhidayah's redesignation as MQ Tech's chairperson, its share price went up by 27.27% on Monday, reported The Edge Markets.

Jiankun International Bhd's share price also went up by 13% after Nurulhidayah's husband was redesignated as its deputy executive chairperson.

In June, Nurulhidayah was embroiled in a controversy for saying "women are not born to be a leader (sic)".