No change in running of Frasers Centrepoint: CEO

[SINGAPORE] Rumours are rife that new major shareholder TCC Group has changed the inner workings and character of the business units at conglomerate Fraser & Neave, but Frasers Centrepoint Ltd (FCL) CEO Lim Ee Seng said that the talk is untrue.

"The DNA of FCL has not changed," said Mr Lim in an interview with BT. "There are no changes in terms of the running of the company. Our new shareholder is involved at the executive committee and board level but for the day-to-day operations, TCC leaves me to run the company.

"It's only when there are major decisions to be made that I have to submit papers to the executive committee. That's when TCC is involved. But it's good that they are taking interest. They are very nice people, very personable."