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Tern Properties independent director to resign

Real estate operator and manager Tern Properties Co. Ltd. appointed Cheung Chong Wai independent nonexecutive director, effective March 31, succeeding Leung Kui King, who is stepping down to have more leisure time.

Cheung, who is an airline executive with more than 25 years of experience, will also serve as a member of Tern Properties' audit committee.