IReit CFO resigns to ‘pursue other opportunities’
EUROPE-FOCUSED real estate investment trust IReit Global’s manager announced on Wednesday (Jul 6) that its chief financial officer, Choo Boon Poh, will step down on Aug 22, 2022, when his replacement will join the company. Choo will remain employed with the company until Sep 9, 2022.
The manager noted that Choo had previously expressed his intention to leave to “pursue other opportunities” and that the board has identified a suitable candidate.
It added that his replacement will be announced at a later date.
Units of IReit Global closed down 0.8 per cent or S$0.005 to close at S$0.61 on Wednesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Surbana Jurong group CEO Sean Chiao to step down; search for successor under way
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future