CEO of K-Reit Asia’s management firm to step down on Aug 17

Mainboard-listed K-Reit Asia said on Tuesday the CEO of its management firm is stepping down.

49-year-old Tan See Yiow will be resigning on August 17, and will be replaced by Ng Hsueh Ling.

Prior to this appointment, Ms Ng has held key positions with other real estate companies. Most recently, she was the CEO of Ascendas Korea and Japan from 2007 to 2009.

K-Reit Asia said Mr Tan will remain as an executive director at K-Reit Asia Management to assist with strategic planning and development of the trust.

At the end of the trading day, K-Reit Asia units were up one cent at S$1.06.

Source : Channel NewsAsia – 11 Aug 2009

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