Change of CFO for Tuan Sing Holdings as outgoing executive 'pursues personal interest'

REAL estate player Tuan Sing Holdings is changing its group chief financial officer (CFO), as the outgoing executive leaves "to pursue personal interest".

Tan Choong Kiak, who is now executive director in the chief executive's office, will take over as CFO on May 8, according to a bourse filing on Friday.

He replaces Leong Kok Ho, 57, who has held the job since August 2018 but is reportedly leaving full-time employment for his personal interests.

Tuan Sing affirmed in its filing that there are no unresolved differences in opinion on material matters between Mr Leong and the board, or other issues that should be raised to shareholders.

Mr Tan, 53, joined Tuan Sing in August 2020 and "has the requisite experience and capacity" for his new role, in the view of the board.

He was previously senior vice-president at Resorts World Sentosa from 2016 to 2020, and CFO of Singapore Zoo operator Wildlife Reserves Singapore from 2013 to 2016.

Tuan Sing shares closed on Friday at S$0.415, down by half a Singapore cent or 1.19 per cent, before the latest management reshuffle was announced.