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- The 46-year-old, who does not hold any stake in the REIT, is resigning to pursue other career opportunities, the company said in a Bursa Malaysia filing on Wednesday
KUALA LUMPUR (June 11): Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.
The 46-year-old, who does not hold any stake in the REIT, is resigning to pursue other career opportunities, the company said in a Bursa Malaysia filing on Wednesday.
Kung was first appointed on Dec 9, 2024, replacing Aileen Ewe Foong Yin, who resigned on July 4, 2024, less than seven months after assuming the role on Dec 15, 2023.
Listed on the Main Market of Bursa Malaysia on April 12, 2006, Tower REIT's portfolio comprises three prime commercial buildings with a combined appraised value of RM802 million and a total net lettable area (NLA) of 966,028 sq ft. These properties are Menara HLX on Jalan Kia Peng, and Plaza Zurich and Menara Guoco, both located in Bukit Damansara.
Shares of Tower REIT closed half a sen, or 1.69%, lower at 29 sen yesterday, valuing the trust at RM142 million.
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