2nd May 2019 14:15
LONDON (Alliance News) - Aseana Properties Ltd, a property developer in Malaysia and Vietnam, said Thursday that Chair Mohammed Azlan Hashim has decided to resign to facilitate an orderly transition and restructuring of the board.
Hashim's resignation will take effect from May 31. He has been a director and chairman of the company for the past 12 years.
The company said Gerald Ong will assume the chair role from June 2019. Aseana intends to two new independent directors to strengthen the board to lead the divestment activities and to enhance governance oversight.
Shares in the company were untraded at USD0.53 per share.
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Aseana Prop.