Bursa Announcements
Date : 10 June 2025
Change in Boardroom
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Date of change | 16 Jun 2025 |
| Name | MR CHEN KOK PENG |
| Age | 42 |
| Gender | Male |
| Nationality | Malaysia |
| Designation | Chief Executive Officer |
| Directorate | Executive |
| Type of change | Resignation |
| Reason | Mr Clement Chen Kok Peng ("Mr Clement Chen") has accepted the position of Chief Financial Officer of Sunway Berhad, effective 16 June 2025. Consequently, he has tendered his resignation as Director and Chief Executive Officer of the Manager of Sunway REIT effective the same day. |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of shareholders | No |
Qualifications
| No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
| 1 |
Professional Qualification
|
Fellow Chartered Accountant |
The Institute of Chartered Accountants in England and Wales |
|
| 2 |
Professional Qualification
|
Chartered Accountant |
Malaysian Institute of Accountants |
|
| 3 |
Degree
|
Finance, Accounting and Management |
University of Nottingham, United Kingdom |
|
| Working experience and occupation | Mr Clement Chen joined Sunway Group as a Finance Trainee in 2004 and attained his Institute of Chartered Accountants in England and Wales qualification in 2007. He has since taken on various other roles within Sunway Group including as the Financial Controller of Sunway Hatay Co Ltd, Vietnam in 2008 and as Assistant General Manager- Corporate Finance and Investor Relations of Sunway Berhad from 2009-2015. During his tenure with Corporate Finance, Mr Clement Chen oversaw the listing of Sunway Berhad, Sunway Real Estate Investment Trust ("Sunway REIT") and Sunway Construction Group Bhd. His efforts in Investor Relations also saw him being awarded the Best Investor Relations Professional by the Malaysian Investor Relations Association in 2015.
Mr Clement Chen joined Sunway Integrated Properties Sdn Bhd at the end of 2015 and was promoted to General Manager of Business Development where he gained exposure evaluating real estate opportunities in Malaysia, Singapore, UK and Australia. He was appointed as the Chief Executive Officer of Sunway REIT Management Sdn Bhd (Manager for Sunway REIT) ("the Manager") on 1 July 2023. |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Remarks : |
This announcement is dated 10 June 2025. |
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 10 Jun 2025 |
| Category | Change in Boardroom |
| Reference Number | C03-30052025-00016 |