Passing of Dato’ Teo Chiang Quan – VSTECS Group Co-founder & Former Chairman

VSTECS Berhad
27 May 2021

Newsroom

Dear Shareholders, Business Partners and Associates,

With deep sadness we received the news that our Group’s co-founder and former Chairman, Dato’ Teo Chiang Quan has passed away on 24 May 2021 after a short illness.

Dato’ Teo and I co-founded the Group in 1986 with a management buy-out of VSTECS KU Sdn Bhd. With his support and encouragement, our Group grew rapidly to become the leading ICT Distributor in Malaysia. When VSTECS Berhad was listed on Bursa Malaysia in 2010, Dato’ Teo was appointed the first Chairman of the board of directors until he retired in 2015. As the Chairman, Dato’ Teo provided the Group valuable advice and guidance on good corporate governance, strategies and directions in ensuring sustainable profitable growth to create shareholders’ value.

We shall always remember Dato’ Teo’s immense contributions to our Group and his strong principles of integrity, trust and respect. I shall cherish the memories of our partnership and friendship for over 35 years. May his soul rest in peace.

Best Regards,
Foo Sen Chin
Chairman

ABOUT VSTECS BERHAD

VSTECS Berhad (“VSTECS”) and its subsidiaries are a leading distribution hub for Information & Communications Technology (“ICT”) products, enterprise systems and provides ICT support and technical services in Malaysia. Listed on the Main Market of Bursa Malaysia Securities Berhad, VSTECS is an associate company of VSTECS Holdings (Singapore) Limited, which is in turn held by VSTECS Holdings Limited, a company listed on the Hong Kong Stock Exchange.

VSTECS distributes a comprehensive range of ICT products with over 40 leading principals and a nationwide channel network of more than 3,600 resellers comprising retailers, system integrators and corporate dealers. For more information, please visit www.vstecs.com.my.

For general enquiries, please contact:

Eva Loh
Email: syloh@vstecs.com.my