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OUE Hospitality Trust Management CEO to step down

Chong Kee Hiong will resign as CEO and executive director of OUE Hospitality REIT Management Pte. Ltd. and OUE Hospitality Trust Management Pte. Ltd., effective July 15, to explore other professional interests.

OUE Hospitality REIT Management is the manager of OUE Hospitality Real Estate Investment Trust, while OUE Hospitality Trust Management is the trustee-manager of OUE Hospitality Business Trust.

Yi-Chung Chen, who was recently named deputy CEO of lodging REIT OUE Hospitality Trust, will take over as acting CEO of the REIT manager and trustee-manager, effective July 16, subject to regulatory approval.

Chong has been CEO of OUE Hospitality Trust since it debuted on the Singapore Exchange Securities Trading in July 2013.