In his role, Choong’s responsibilities included the implementation of the policies and decisions made by the board, as well as initiating ideas and setting benchmarks and targets within the group.
Choong’s position as CEO will be taken over by Cheng Hsing Yao, who is currently the group managing director of GuocoLand Singapore.
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Cheng’s appointment will take effect on July 1
Shares in GuocoLand closed 1 cent lower or 0.6% down at $1.72 on April 9.
