LONDON - Aseana Properties Limited (LSE: ASPL), a prominent property developer operating in Malaysia and listed on the London Stock Exchange (LON:LSEG), has announced the appointment of Leong Kheng Cheong, also known as KC, as the new non-board CEO, effective from January 1, 2025.
KC joins Aseana with a wealth of experience, having accumulated over 28 years in various sectors including FMCG, luxury retailing, commercial property development and management, automotive distribution, and financial institutions. His career spans several key markets, with roles held in Hong Kong, Mainland China, and Southeast Asia.
Before taking on the CEO role at Aseana, KC served as the Finance Director for Group Planning & Reporting at DFI Retail Group, part of the Jardines Group, in Hong Kong. He also held the position of Financial Planning & Analysis Director at Tesco (OTC:TSCDY) Property Limited, a subsidiary of Tesco Plc, in China. KC is a fellow member of CPA Australia, indicating his certified expertise in finance.
The appointment is expected to bring new leadership and strategic direction to Aseana Properties as the company continues to navigate the commercial property development landscape in Malaysia and beyond. KC’s extensive background in finance and strategic leadership across various industries is anticipated to be a valuable asset to the company’s future growth and operations.
This management change is considered inside information under EU Regulation 596/2014, which has been incorporated into UK law post-Brexit. With the announcement made public through a regulatory information service, the information is now in the public domain.
The company has not disclosed further details regarding the strategic initiatives KC will undertake or how this appointment might affect Aseana’s current operations and market position.
This news article is based on a press release statement from Aseana Properties Limited.
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