GuocoLand Limited, on Sept 29, announced that it will be appointing non-independent non-executive director, Quek Leng Chan, as chairman of the board and company upon the conclusion of its upcoming annual general meeting (AGM) on Oct 14.
Quek is also the controlling shareholder of the SGX-listed developer.
Quek will replace Moses Lee Kim Poo as chairman of the board and company. Lee has notified the board that he will not seek a re-election after having served on the board of directors for almost nine years since Nov 1, 2013.
As at 11.56am, shares in GuocoLand are trading flat at $1.64.
