pictured) will retire on Sept 30, 2021 under the property developer’s leadership transition and succession plan.
In statements to Bursa Malaysia today, S P Setia announced Datuk Choong Kai Wai’s appointment as president and CEO effective Oct 1, 2021. This decision by the board was made following a succession plan which is part of the company’s leadership talent agenda, implemented based on the robust leadership discussions within the company. The succession plan is positioned to sustain the leadership position of S P Setia as the leading property developer in Malaysia,” S P Setia said.
According to the company, Khor, who was appointed the acting CEO on Jan 1, 2015, had subsequently taken on the CEO position on April 1, 2016 with a clear mandate to reposition S P Setia in a market leadership position.
KUALA LUMPUR (Feb 2): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, Feb 3) include: Boustead Holdings Bhd, Pharmaniaga Bhd, Bursa Malaysia Bhd, RHB Bank Bhd, Greatech Technology Bhd, Genting Malaysia Bhd (GenM), S P Setia Bhd, Lii Hen Industries Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Willowglen MSC Bhd and Westports Holdings Bhd.
Lembaga Tabung Angkatan Tentera (LTAT) has decided not to pursue the privatisation of
Boustead Holdings Bhd at this juncture, after taking into consideration the current challenging economic environment arising from the Covid-19 pandemic and the reimplementation of Movement Control Order.