PETALING JAYA: ECM Libra Financial Group Bhd which holds a 6.25% stake in Eastern & Oriental Bhd (E&O), is seeking to have two of its nominees as directors in the latter.

In an announcement to Bursa Malaysia, E&O said it had received a notice of intention to nominate directors to the board of E&O, via the request from ECML Nominees (Tempatan) Sdn Bhd-Avenue Capital Resources Bhd and ECML Nominees (Tempatan) Sdn Bhd-Libra Invest Bhd.

The two directors are Mahadzir Azizan and Leong Kam Weng. Mahadzir is a barrister-at-law by profession, and is also Island and Peninsular Bhd’s director of corporate affairs and has 25 years of experience in corporate legal matters.

Mahadzir has been involved in major aspects of corporate transactions, including land acquisitions, mergers and acquisitions, corporate reorganisation and takeovers, listing and de-listing, joint ventures and corporate reconstructions and capital reduction.

He is also currently a director of ECM Libra Financial Group Bhd, Syarikat Takaful Malaysia Bhd, ECM Libra Investment Bank Bhd, Libra Invest Bhd and several other companies, and is a member of the investment committee of Amanah Raya REITS.

Leong sits on the board of directors and audit committee of TA Enterprise Bhd and TA Global Bhd. He joined TA Enterprise Bhd as group legal advisor in 1992. Since 1993, he was assigned by the TA Group to identify, analyse and negotiate investment opportunities and acquisitions in the Asia-Pacific region including Hong Kong, Indonesia, and the Philippines.

E&O said this matter would be tabled at its coming AGM on Sept 30, 2011.

The current directors of E&O are Datuk Azizan Abd Rahman, Datuk Tham Ka Hon, Vijeyaratnam V. Thamotharam Pillay and Datuk Henry Chin Poy Wu. These directors are also seeking re-election at the AGM.