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Ong Beng Seng to step down as managing director of Hotel Properties
The Straits Times
|April 15, 2025
Property tycoon Ong Beng Seng, who is set to plead guilty in a court case linked to former transport minister S. Iswaran, will step down as managing director of Hotel Properties Limited (HPL) at the close of the company's annual general meeting (AGM) on April 29.
HPL said in an exchange filing on April 14 that Ong, 79, "wishes to devote more time to manage his medical conditions".
He will also not put himself up for re-election as a board director at the AGM.
Ong has held the reins at HPL for 45 years since he was first appointed in March 1980.
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