Foreign Property News | Posted by Si Thu Aung
The succession plan for one of Asia’s largest conglomerates may have become a bit clearer on Friday when Hong Kong-listed Kerry Properties named Kuok Khoon Hua as its new CEO and Vice Chairman in an announcement to the stock exchange.
Kuok Khoon Hua, the 40-year-old executive is the youngest son of Kuok Group founder Robert Kuok, and had long served as the billionaire patriarch’s valet before taking on directorships in seven Kuok Group companies since 2010.
When he steps into the top executive role with Kerry Properties on 1 June, the Kuok family scion will be charged with managing the listed developer’s portfolio of over 1 million square metres of commercial and residential properties and another 11 hotels in Greater China.
The last of Robert Kuok’s eight children and the only son of the Malaysian entrepreneur’s second wife, Ho Poh Lin, Kuok Khoon Hua takes over the CEO role from Wong Siu Kong, who also serves as the company’s chairman and will continue to head the board of directors.
A 2003 graduate of Harvard University, Kouk Khoon Hua is already the chairman of Kerry Holdings Ltd, a privately held subsidiary of Kuok Group Ltd, as well as serving as a director of Kerry Group and Kuok (Singapore) Ltd.
Ref: Property Report
