The Company announced the appointment of Mr Andrew Chua as Non-Executive Independent Director of the company with the effect from 21 December 2015.
Mr Chua serves on both the Audit and Risk, and Remuneration Committees.
Mr Chua has extensive experience in banking and finance, having made his career in the course of over 34 years, in three international and renowned banks in functional areas of corporate banking and general management. Before 2009, Mr Chua was Managing Director of Enterprise Banking at DBS Bank Ltd, where he had spent more than 20 years.
He is also an independent director of GKE Corporation Ltd and a director of SME Care Pte Ltd.
The Group today announced the incorporation of two wholly-owned subsidiaries in Jersey, Channel Islands, namely Kelaty Holdings Limited and Kelaty Propco Limited, for the purposes of undertaking property investments projects in the United Kingdom.
The Group also announced the proposed acquisition of freehold commercial property known as Kelaty House located at First Way, Wembley HA9 0JD, London at approximately S$55.6 million. The property is approximately 1.03 hectares and is currently fully leased.