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Zhenro Properties CFO steps down; Beijing Properties executive director departs

S&P Global Market Intelligence presents a weekly rundown of recent significant management and board changes and personnel moves in the Asia-Pacific real estate industry. The moves are listed by sector and by announcement date in reverse chronological order. The Europe and North America Hires and Fires columns will be published Wednesday and Thursday, respectively.

Australia

* Lantern Hotel Group said Leanne Ralph resigned as company secretary, a role that was passed on to Erin McMullen, effective Nov. 12.

* Following Charter Hall Group's takeover of funds manager Folkestone Ltd., Sean McMahon, the chief investment officer of the former, was named an executive director of Charter Hall Social Infrastructure Ltd.'s board. Charter Hall Social, previously named Folkestone Investment Management Ltd., is the responsible entity of Folkestone Education Trust, which is rebranded as Charter Hall Education Trust.

David Harrison, Charter Hall Group's CEO and managing director, and Greg Paramor became alternate directors of Charter Hall Social, while Mark Bryant succeeded Scott Martin as joint company secretary.

* Taine Moufarrige stepped down as a director of Servcorp Ltd. Nov. 7. Taine and Marcus Moufarrige will resign as executives Dec. 31.

* Ingenia Communities Group will add Gary Shiffman, the chairman and CEO of U.S. manufactured-housing real estate investment trust Sun Communities Inc., to its board after the latter acquires a 9.99% stake in Ingenia for an estimated US$54 million.

China

* Tan Mingheng relinquished his position as the CFO and joint company secretary of Zhenro Properties Group Ltd. on Nov. 12.

Japan

* Invincible Investment Corp. respectively re-nominated Naoki Fukuda and Hiroyuki Fujimoto to their current positions of executive director and supervisory director. Concurrently, the company proposed to appoint Yoshihiro Tamura as its new supervisory director, replacing Takashi Takahashi, who intends to resign at the close of Invincible's general meeting of unit holders scheduled Dec. 12.

Philippines

* Margareth Reyes-Mendoza will depart from MRC Allied Inc. as corporate secretary and chief legal and compliance officer Nov. 30. The company will bring in Johnston Brusola as her replacement Dec. 1.

Malaysia

* Tropicana Corp. Bhd. brought in Chong Mei Yan as joint company secretary and Wira Lye Ek Seang as an independent, nonexecutive director Nov. 9. Seang took the place of Lim Thean Shiang, who left the board due to personal and other commitments.

Hong Kong

* Chong Man Kit, company secretary and authorized representative of South China Assets Holdings Ltd., vacated his posts and was replaced by Watt Ka Po James, effective Nov. 7.

* Road King Infrastructure Ltd. appointed independent nonexecutive directors Tse Chee On Raymond and Wong Wai Ho as chairman and member, respectively, of its remuneration committee Nov. 7.

* Beijing Properties (Holdings) Ltd. disclosed the departure of executive director and vice chairman Hu Yebi, owing to his other business engagements, effective Nov. 6.

Singapore

* Julie Koh Ngin Joo succeeded Helena Chua Guat Huat as the company secretary of Tuan Sing Holdings Ltd. Nov. 7.

India

* Meglon Infra-Real (India) Ltd. installed Khushboo Kotadia as company secretary Oct. 1, the developer said in a Nov. 6 release.