Board of Directors
Executive Director / Group Managing Director
Mr Teo Yek Ming
Age 38 / Malaysian / Male
Mr Teo Yek Ming was appointed to the Board as the Managing Director and Chief Executive Officer of the Group on 16 June 2020. He was re-designated to Group Managing Director on 25 February 2022. He is an entrepreneur and savvy investor who has more than ten (10) years of combined experience in managing businesses of various industries including one stop furniture industry, aquaculture, licensed money lending, information technology and property investment.
After completing his high school education, he started his career as a sales and marketing executive for a hardware trading company. Subsequently, he ventured into his first business in 2006, The Ring Telecommunication, which was a company involved in the retail of mobile phones. In 2012, he established Phoenix Arowana Breeders Sdn. Bhd., an aquaculture company involved in arowana fish farming, marketing, and distribution.
Mr Teo later established Finsource Credit (M) Sdn. Bhd. (formerly known as Finsource Solution Sdn. Bhd.) in 2015, a moneylending company licensed under the Moneylenders Act 1951 which is governed under the Moneylenders (Control and Licensing) Regulations 2003. In addition, he also set up Avex Consulting Sdn. Bhd. and Avex Technology Sdn. Bhd. in 2016, which are principally involved in software development for local businesses.
In 2017, he became one of the major shareholders of Goodnite Sdn. Bhd. (“Goodnite”), a leading bedding manufacturer in Malaysia. He is currently the managing director of Goodnite overseeing the overall operation of the Goodnite group businesses. He has been actively involved in the execution of business expansion plan through incorporation and acquisition of some upstream and downstream outfits in diversifying the Goodnite group businesses to include foam and latex manufacturing, bedframe manufacturing, sofa manufacturing, office furniture trading, sales, hire purchase and factory outlets.
He does not have any family relationship with any Director and/ or major shareholder of the Company, nor does he have any conflict of interest with the Company. He has not been convicted for offences within the past five (5) years other than traffic offences or any public sanction or penalty imposed on him by the relevant regulatory bodies during the financial year 2021.
He has attended all the eight (8) Board of Directors’ Meetings of the Company held during the financial year ended 31 December 2021.
He does not hold any directorship in other public companies and listed corporations.