Aspen (Group) Holdings Ltd. added Ching Chiat Kwong, executive chairman and CEO of Singaporean developer Oxley Holdings Ltd., as a nonexecutive director, effective May 25.
At the same time, deputy CEO of Oxley, Low See Ching, was named Kwong's alternate, Oxley said in a release.
The designation comes after Oxley acquired a 10.07% stake in its Malaysian peer for about S$23.3 million.
As of May 25, US$1 was equivalent to S$1.34.
