CORRECTION: Singapore executive moves Thursday: Keong Hong

Singapore five-dollar note Photo by Leslie Shaffer

These are Singapore companies which announced personnel changes on Thursday, 16 September 2021: Keong Hong Holdings.

Correction: An earlier version of this item incorrectly stated Koh Tee Tuck Kenneth has current directorships; the company issued a statement 17 September 2021 saying Koh does not hold any current directorships. Additionally, the earlier version misspelled his name. 

Keong Hong Holdings

Keong Hong Holdings said Thursday Tan Kah Ghee, age 55, has resigned as executive director and chief financial officer, effective 16 September and 8 November, respectively, to pursue career advancement and other interests. Tan was appointed to the position in 2012, the company said in a filing to SGX.

Leo Zhen Wei Lionel, age 39, will cease to be a non-executive and non-independent director of the company, effective 30 September, relinquishing his roles on the audit committee and the nominating committee, Keong Hong said in a filing to SGX, adding the move was part of the board’s renewal plan to enhance independence. Leo Zhen Wei Lionel, who holds a 0.18 percent Keong Hong stake, is the son of the group’s Chairman, CEO and substantial shareholder Leo Ting Ping Ronald, the filing said.

Koh Tee Tuck Kenneth, age 63, will be appointed as a non-executive independent director, effective 30 September, and will be appointed as a member of the audit, remuneration and nominating committees, the filing said. Koh has previously been an executive director at UniLegal and at Pro-Active, the filing said.

Keong Hong’s main business are construction, property development and investment, and hotel development and investment; it has properties and hotels in Singapore, Japan and the Maldives.