Liew Mun Leong steps down as Chairman of the Board of CapitaMalls Asia

Mr Ng Kee Choe will take over his post.

In a release, CapitaMalls Asia announced the retirement of Mr Liew Mun Leong as Non-Executive Director and Chairman of the Board at its upcoming Annual General Meeting (AGM) to be held on 24 April 2013.

Following his retirement, he will also cease to serve as Chairman of CapitaMalls Asia’s Corporate Disclosure Committee and Investment Committee, as well as a member of the
Executive Resource and Compensation Committee and Nominating Committee.

Mr Ng Kee Choe, who is appointed a Non-Executive Director of CapitaMalls Asia, will succeed Mr Liew as Chairman of the Board after the AGM on 24 April 2013.

Mr Ng is currently an Independent Non-Executive Director and Chairman of CapitaLand, which owns about 65.44% interest in CapitaMalls Asia.

Mr Lim Ming Yan, a Non-Executive Director, will succeed Mr Liew as Chairman of the Corporate Disclosure Committee and Investment Committee, and as a member of the Executive Resource and Compensation Committee and Nominating Committee on 24 April 2013.

Mr Liew has played an instrumental role in building up the shopping mall industry in Singapore and CapitaMalls Asia’s business in the region . Under his leadership, the first real estate investment trust (REIT) in Singapore and in Asia ex-Japan, CapitaMall Trust, was listed on the Singapore Exchange (SGX) in 2002.

CapitaMalls Asia grew from five shopping malls in Singapore in 2002 to become o ne of the largest listed shopping mall developers, owners and managers in Asia, with 102 malls in 52 cities in Singapore, China, Malaysia, Japan and India.

He became CapitaMalls Asia’s Chairman when the company was incorporated in October 2004. Under his stewardship, the first China shopping mall REIT in Singapore, CapitaRetail China Trust, was listed on SGX in 2006.

CapitaMalls Asia was listed on SGX in November 2009 with the largest initial public offering in Singapore in 16 years, followed by a secondary listing on the Hong Kong Stock Exchange (HKEx) two years later.

The company also sponsored the listing of the largest “pure-play” shopping mall REIT in Malaysia at the time, CapitaMalls Malaysia Trust, on Bursa Malaysia in 2010.