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.
Malaysia
* Majuperak Holdings Bhd. said Aminuddin Bin Md Desa stepped down May 28 as nonindependent nonexecutive director to pursue other interests.
* Nonindependent nonexecutive director Abdul Azeez Bin Abdul Rahim resigned from Glomac Bhd., effective May 23, subsequently causing Johan Bin Abdullah to cease serving as his alternate director.
* BCB Bhd. executive director Tan Vin Shyan stepped down May 28 due to his other work commitment.
* Abdul Rashid Bin Mohd Azis resigned as independent nonexecutive director of Naim Holdings Bhd. due to personal reasons, with effect from May 28. Azis also gave up his duties as member of the nomination committee and handed over the audit committee chairmanship to Tan Chuan Dyi.
* Yeow Wai Siaw was appointed as group CEO of Tropicana Corp. Bhd., effective May 28.
* ACME Holdings Bhd. named Lee Thean Yew as CFO, with a May 28 effective date. The company also said Tan She Chia will begin as joint secretary on the same date.
* Oxley Holdings Ltd. Executive Chairman and CEO Ching Chiat Kwong was appointed as nonexecutive director of Aspen (Group) Holdings Ltd., with effect from May 25. Oxley's deputy CEO, Low See Ching, on the other hand, was named to be Kwong's alternate in Aspen's board.
* UOA Development Bhd. appointed Alan Winduss as chairman, effective May 23. Winduss also serves as member of the audit and risk management, and nomination and remuneration committees.
* Rahimah Almarhum Sultan Mahmud joined Hua Yang Bhd.'s board May 23 as independent nonexecutive director.
* Land & General Bhd. nonindependent nonexecutive director Chai Keng Wai resigned May 22 to pursue personal interests.
Singapore
* As part of a new organizational structure, City Developments Ltd. appointed Yvonne Ong as CEO, Commercial, to head the company's asset management division, effective June 6, while Lee Mei Ming was promoted to executive vice president, head of property development, with a June 1 effective date.
* Ang Mong Seng took on the roles of independent director and nonexecutive chairman May 25 at Emerging Towns & Cities Singapore Ltd. Seng was also appointed as chairman of the nominating and corporate governance and as member of the audit and remuneration committees.
Joining Seng in the board are Lim Jun Xiong Steven and Choong Chow Siong, who were named as independent directors. Xiong was also installed as chairman of the audit and remuneration committees, as well as a member of the nominating and corporate governance committee. Siong was appointed as audit committee member.
Hong Kong
* Wharf Real Estate Investment Co. Ltd. named Paul Yiu Cheung Tsui, Wharf (Holdings) Ltd. group CFO and vice chairman, to its board as additional vice chairman and executive director, with effect from June 1.
On the same date, Andrew Kwan Yuen Leung will start his role in Wharf REIC's board as additional independent nonexecutive director.
* Sitt Nam-Hoi and So Chung-Keung are joining the board of New World Development Co. Ltd. June 1 as executive directors and executive committee members. Ip Yuk-Keung will also join the board June 1 as independent nonexecutive director and as member of the audit and nomination committees.
Additionally, Ki Man-Fung was redesignated to nonexecutive director from executive director.
* Harbour Centre Development Ltd. appointed Roger Koon Hoo Luk and Peter Zen Kwok Pao as independent nonexecutive director and additional director, respectively, effective June 1.
* Zeng Ming was named chairman of Shanghai Industrial Urban Development Group Ltd., while Zhou Xiong was appointed vice chairman, as Ji Gang and Yang Jianwei vacated the respective posts at the conclusion of the company's May 23 annual general meeting.
Zeng also took on the roles of executive director, authorized representative and nomination committee chairman. Zhou, meanwhile, also became president, executive director and member of the investment appraisal committee.
Australia
* Nonexecutive director Keith Perrett took on the role of independent nonexecutive chairman at LandMark White Ltd., effective May 25, following the retirement of co-founder and Chairman Glen White, who will remain in the board as a nonexecutive director.
China
* Sino-Ocean Group Holding Ltd. appointed Lai Yin Ping company secretary and authorized company representative, effective May 26, succeeding Chung Kai Cheong, who departed on the same date.
* Wang Hao replaced Su Jian as nonexecutive director and member of the strategic investment committee at Beijing Capital Grand Ltd., with effect from May 21.
India
* Oswal Agro Mills Ltd. disclosed the May 1 resignation of director Harnish Bindra, while Pulkit Gupta was named as additional director May 15.
Japan
* Mori Hills REIT Investment Corp.'s asset manager, Mori Building Investment Management Co. Ltd., is proposing to appoint Kojiro Segawa and Atsushi Suginobu as part-time director and auditor, respectively, effective June 14. The manager also said full-time director Toshifumi Saito and auditor Koichi Shibayama are stepping down on the same date.
* United Urban Investment Corp. asset manager Japan REIT Advisors Co. Ltd. said Yoshihiro Itani will take on the role of chief investment officer and full-time director, effective June 18, the same date full-time representative director Ikuo Yoshida will retire.
Keiji Kato will also step down as full-time auditor of the manager, with Keiji Matayoshi and Takashi Uemoto were respectively appointed as full-time auditor and nonexecutive auditor.
* Japan Excellent Asset Management Co. Ltd., the manager of Japan Excellent Inc., will propose to appoint at its June 22 general meeting Masakatsu Sakamoto as auditor to replace Keiichi Fujiwara, who will resign on the same date.
Vietnam
* Petro Capital & Infrastructure Investment JSC said May 21 the resignation of Tran Huu Giang as deputy CEO was accepted by the company.
