KUALA LUMPUR (April 30): Tycoon Tan Sri Quek Leng Chan has stepped down as chairman of GuocoLand (Malaysia) Bhd effective immediately, amid an internal rationalisation and streamlining exercise.

In a filing with Bursa Malaysia, GuocoLand said Quek, 74, will be replaced by incumbent non-executive director Choong Yee How as chairman.

Independent and non-executive director Tan Sri Nik Mohamed Yaacob had also resigned after serving the board for more than 12 years, alongside non-independent non-executive director Datuk Poh Yang Hong, who stepped down due to work commitments.

GuocoLand shares fell 0.5 sen or 0.55% to close at 91 sen today, giving it a market capitalisation of RM637.42 million. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
S P Setia CNY Campaign 2026—Bag limited-time homeownership prosperity perks up to RM3,888 rebates!

This CNY, it’s not just the bricks of your future home stacking up—so are the cash rewards, referral bonuses and premium gifts—making a Setia home more worthwhile and timely than ever.

read more
RELATED POSTS
  1. Billionaire Quek Leng Chan to privatise GuocoLand at RM1.10 per share via selective capital repayment
  2. GuocoLand posts lower 2Q profit as property contributions ease
  3. GuocoLand MD Noorbaizura resigns, COO Raymond Chin takes over day-to-day duties