Rexit Bhd has unveiled a slew of board changes, appointing Datuk Seow Gim Shen as the new CEO and Wong Tack Heng as COO.

The reshuffle follows a takeover bid in January, where Seow and others acquired a 53.27% stake.

An independent adviser deemed the offer "not fair" and "not reasonable."

The joint offerors aim to maintain Rexit's listing on the ACE Market.

Other appointments include Seow Jing Hui and Teoh Wei Yee as independent directors, and Chua Oou Chuan as deputy chairman.

The changes led to the departure of Kuah Hun Liang and Datuk Abdul Murad.

Rexit's shares closed at RM1.04 today, marking a 3% increase and valuing the company at RM180.1 million.