Management reshuffle seen at GuocoLand

Singapore

A SHAKE-UP in the senior management team looks to be underway at property developer GuocoLand following several departures. This comes after it launched a massive private condominium project in Aljunied earlier this year that has seen subdued sales thus far.

There have been a couple of high-level departures this month and at least three people have left this week on short notice, industry sources told The Business Times on Thursday. This spate of exits comes on the heels of a wave of resignations last year.