Sunsuria CEO steps down after helming company for three years

KUALA LUMPUR (Aug 31): Sunsuria Bhd chief executive officer Koong Wai Seng has resigned from his executive position effective yesterday, after helming the property developer for about three years.

In a filing with Bursa Malaysia yesterday, Sunsuria said Koong, 52, resigned "to pursue other personal goals and interests".

In May 2016, Koong, who was the group's deputy chief executive officer at the time, replaced Ho Hon Sang as the chief executive officer after the latter resigned to pursue other interests.

Koong maintains a direct interest of 210,000 shares in Sunsuria.

Its shares closed unchanged yesterday at 73 sen with a market capitalisation of RM654.02 million.

Click here for more property stories.