PRL Global Ltd (ASX: PRG) Share Price and News

Mr Lai came to Christmas Island from Malaysia in 1978, working in a range of roles at the British Phosphate Commission (BPC) and Phosphate Mining Christmas Island (PMCI), as well as starting his own business in retail and trading. He played a role when the Christmas Island community came together to form PRL, investing their hard-earned savings and reopening the mine in 1990. He has experience in the phosphate mining and fertiliser industries in Australia and South East Asia. He is a member of the Investment Committee.

Mr Tee has been involved in palm oil milling and management of palm oil plantations since 1995. Currently, he is the Group Managing Director for the group of companies under Prosper Capital Holdings Sdn Bhd which own, directly or indirectly, ten palm oil mills and about 70,000 acres of oil palm plantations in Malaysia (Prosper Group) and Executive Director of United Malacca Berhad which own about 121,000ac of oil palm plantations in Malaysia and Indonesia. He also has experience in operating 35,000ac of plantation in Indonesia. He is a member of the Investment Committee.

Mr Somerville has an accounting background having been a senior partner in a Western Australian accounting practice, before establishing a financial services company which listed on the Australian Securities Exchange in 2007. He has over 32 years of experience in a corporate capacity across several companies and several industry sectors including financial, resources and property development. He is the Chairman of the Investment Committee and Risk Management Committee.

Mr Tee started his career as a Process Engineer in the manufacturing industry for two years before expanding his experience as a Project Engineer in a refinery plant specialising in producing downstream palm oil products. He is currently a Director of Future Prelude Sdn Bhd, an integrated oleochemical company specialising in the production of several oleochemical products and biodiesel using sustainable palm oil as feedstock. He is a member of the Risk Management Committee and Investment Committee.

Mr Ong had a career spanning over 30 years at Paramount Corporation Berhad (Paramount). Paramount is listed on the Main Market of Bursa Securities and its principal activities are property development, property construction and education services. He joined Paramount as an Accountant in 1981, and he rose through the ranks of Finance and Administration Manager and General Manager. He was appointed to the Board of Paramount on 14 November 1994. He assumed the posts of Deputy Group Managing Director & Deputy Group CEO in 1997 and was appointed as the Managing Director & CEO of Paramount on 1 December 2008. He retired as the Managing Director & CEO of Paramount on 18 June 2012. He is a member of the Risk Management Committee.

Ms Tee over the years, she has risen to the position of Operations and Finance Director at Prosper Group. In this pivotal role, she oversees the development of both operational and financial strategies, ensuring their alignment with overarching corporate objectives. Furthermore, she also serves as a director in several private limited companies, specializing in diverse sectors including oil palm plantations, palm oil mills, and housing development.

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