US EditionOng Beng Seng to step down as managing director of Hotel Properties Limited
- Ong Beng Seng will resign as managing director of Hotel Properties Limited on April 29.
- Ong's departure follows charges linked to former transport minister S. Iswaran and a cancer diagnosis.
- Ong, age 79, faces charges related to allegedly abetting Iswaran in obtaining gifts and obstructing justice.
- HPL stated, "Mr Ong wishes to devote more time to manage his medical conditions."
- Following the announcement, shares of Hotel Properties rose as much as 4.7 percent, indicating a market reaction.
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Roundup: HPL's Ong Beng Seng Steps Down Before Guilty Plea - Mingtiandi
A player in a Singapore graft case leads today’s roundup of real estate headlines from Asia as Ong Beng Seng forsakes the top titles in a company he started four decades ago. Gaw Capital also makes the headlines with a... Read More>> The post Singapore’s Ong Beng Seng Steps Down Before Guilty Plea and More Asia Real Estate Headlines appeared first on Mingtiandi.
Tycoon Ong Beng Seng To Step Down As Managing Director Of Singapore’s Hotel Properties
The post Tycoon Ong Beng Seng To Step Down As Managing Director Of Singapore’s Hotel Properties appeared on BitcoinEthereumNews.com. Malaysian hotel tycoon Ong Beng Seng arrives at the State Court in Singapore on October 4, 2024. AFP via Getty Images Tycoon Ong Beng Seng—who is embroiled in a court case related to the corruption scandal of a former Singapore minister—is stepping down as managing director of Hotel Properties. Ong, 79, is schedule…
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