KUALA LUMPUR (Nov 2): Tan Sri Lim Siew Choon, the man behind the Pavilion Group, has been appointed executive chairman of WCT Holdings Bhd with immediate effect. Lim, 56, will replace Datuk Ahmad Sufian, who resigned as executive chairman of WCT Holdings today to pursue personal interests. He is also the chairman and executive director of Pavilion Real Estate Investment Trust (Pavilion REIT) Management Sdn Bhd, the manager of Pavilion REIT. "His duties and responsibilities as the executive chairman will be reassigned to and assumed by the other executive members of the Board," Malton added. WCT Holdings announced yesterday that Lim, via Dominion Nexus Sdn Bhd, acquired the stake comprising 245.71 million shares from WCT Capital Sdn Bhd through a direct business transaction deal.

Source: The Edge Markets November 02, 2016 11:31 UTC