PETALING JAYA: Former Dagang Nexchange Bhd (Dnex) managing director Zainal Abidin Abd Jalil has been appointed as the independent non-executive director of TH Heavy Engineering Bhd with effect from yesterday.

       In a filing with Bursa Malaysia, TH Heavy said Zainal, who is currently executive director of Dnex, is also the group managing director of Ping Petroleum Ltd, which is a 90% subsidiary of Dnex.

       “As the then group managing director of Dnex, Zainal has successfully turned around the company, which was formerly Time Engineering Bhd (a company owned by Khazanah Nasional Bhd) with a market capitalisation of RM180mil to more than RM3bil company with global footprint.

       TH Heavy said Zainal has demonstrated significant leadership experience in upstream exploration and production.