Plenitude appoints Ng Yoon Thai as new CEO

KUALA LUMPUR (April 17): Plenitude Bhd (KL:PLENITU) has named Ng Yoon Thai as its new chief executive officer to lead the real estate firm that is involved in development, investment and hospitality.

Ng, 49, has more than 26 years of working experience in property development and project management in major public-listed property companies in Malaysia, according to the group's filing with Bursa Malaysia on Thursday.

"He has extensive experience in strategic planning and execution of residential, mixed-use development as well as township development," the filing read.

Ng succeeds former CEO Ang Kooi Yong, 60, who retired on March 16 after about one year and five months in the role. Ang previously served as the group’s chief financial officer.

As of the financial year ended June 30, 2025, Plenitude had cash and cash equivalents of RM419.24 million, slightly exceeding total borrowings of RM400.44 million. In that year also, the group reported its highest revenue since listing in 2003, while net profit rose to a decade high of RM116.37 million.

Some of the group's development footprint are Taman Desa Tebrau in Johor Bahru and Impian Hills in Ulu Tiram, Johor, while its international hospitality footprint includes Travelodge Honmachi Osaka in Japan and Travelodge Myeongdong Euljiro in South Korea.

Plenitude’s share price has been on a downtrend in recent months, declining from a peak of RM2.40 in September 2025 to a six-month low of RM1.48 on March 30, 2026. At Thursday’s close, the stock settled at RM1.50, down three sen or 2.01%, giving the group a market capitalisation of RM579.93 million.

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