Liew joins Eco World as non-executive director

KUALA LUMPUR: Tan Sri Liew Kee Sin has joined Eco World Development Group Bhd as a non-independent non-executive director, confirming a report by The Edge Financial Daily last Tuesday.

His appointment came a few days following his resignation as president and chief executive officer of S P Setia Bhd effective April 30. He had helmed S P Setia for 18 years.  

Liew has an indirect interest in Eco World through his eldest son Tian Xiong, who is currently the single largest shareholder of the company with a 35.05% stake or 88.78 million shares. Tian Xiong is an executive director of Eco World.

Although he has resigned from S P Setia and no longer has an equity interest in the company, Liew still remains as chairman of Battersea Project Holding Company Ltd (BHPC), a 40:40:20 consortium owned by S P Setia, Sime Darby Bhd and the Employees Provident Fund.

The £8 billion (RM43.9 billion) redevelopment of the Battersea Power Station in London is slated for completion in 2022. Phase 2 of the project was just launched on May 1.

Liew will also remain as managing director of Qinzhou Development (M) Consortium Sdn Bhd which, together with  Qinzhou Jingu Investment Co Ltd, will jointly develop the China-Malaysia Qinzhou Industrial Park.

Eco World closed one sen higher at RM4.69 yesterday.

This article first appeared in The Edge Financial Daily, on May 6, 2014.


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