news

Knusford names Heng Hock Lai as new CEO

KUALA LUMPUR (Feb 4): Knusford Bhd has appointed Heng Hock Lai as its new chief executive officer, effective yesterday.

Heng, 60, will succeed Tan Teow Keat, 62, who resigned to pursue other interest, Knusford said in a filing with Bursa Malaysia.

Heng has more than 36 years of experience in the construction industry, the East Malaysia-based construction group said.

“Prior to his appointment, he joined Ekovest Group in 1992 and was appointed as general manager (construction) in 2011.

“He was involved in overseeing the overall operation, contractual and technical matters for the various phases of the Universiti Malaysia Sabah Project and EkoCheras Mixed Integrated Development,” the company added.

Knusford shares slid two sen or 2.74% to 71 sen yesterday, giving the group a market capitalisation of RM70.75 million.

Click here for more property stories.

Like our content? Check out Narratives – where we curate stories based on topics to keep you well and broadly informed about Malaysian real estate.

Looking for property? Check out Location Scan, where we summarize all available options and facts you need in a few clicks. We have updated the tool to include MRT3 stations too.

Curious how much you can borrow? Use LoanCheck to get your maximum loan eligibility from various banks, or LoanReport to get a FREE CTOS/CCRIS credit report.
SHARE
RELATED POSTS
  1. The House of Lim at Club Street in Singapore
  2. 1MDB’s ex-CEO denies he concealed info from board to protect his huge salary
  3. Grab co-founder purchases S$40m bungalow near Holland Village