More clarity sought from new LCD directors

ONE institutional investor of LCD Global Investments is calling for greater clarity from the firm's new incoming executive directors on their plans for the group.

In an open letter issued on Friday, Pyrrho Management, a family office fund of a private Hong Kong company, flagged a lack of relevant experience of the new directors in property or hospitality among key concerns.

The fund also questioned if a change in LCD's business or any divestment of assets is in the planning, given a proposed name change for the group.