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Quek Leng Chan relinquishes director post at GL Limited

Friday, September 16, 2016 - 18:07

GL Limited, formerly known as GuocoLeisure, on Friday said that - with effect from Sept 15 - Malaysian tycoon Quek Leng Chan has relinquished his position as a director and the non-executive chairman of the board, following internal restructuring of the Hong Leong Group.

GL is a member of the Hong Leong Group. Mr Quek is also the cousin of Singaporean property veteran Kwek Leng Beng.

Accordingly, Mr Quek has also ceased to be a member of the nominating committee and the remuneration committee of the company.

With effect from the same date, Kwek Leng Hai has been appointed the non-executive chairman of the board, and a member of the nominating committee and the remuneration committee of the company.

He has been a director of the company since May 17, 2005. He is also a member of the company's audit and risk management committee.

In addition, with effect from the same date, Tang Hong Cheong has been appointed a director of the company. Mr Tang was also appointed group managing director to fill the top executive position left vacant when former CEO Michael DeNoma, resigned.

Mr Tang has held various senior management positions in different companies within the Hong Leong Group. He was the president/finance director of HL Management Co Sdn Bhd. He was also a director of Southern Steel Berhad, a Hong Leong unit listed in Malaysia, as well as the non-executive chairman of the manager of Tower Reit.

Since Sept 1, 2016, Mr Tang has also been a director and the president and CEO of Guoco Group and a non-executive director of Lam Soon (Hong Kong) Limited, both listed in Hong Kong, as well as a non-executive director of the Singapore-listed GuocoLand.

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