22
Apr
Tycoon Ong Beng Seng should sell his Hotel Properties stake
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[SINGAPORE] Since news broke in mid-July 2023 of the Corrupt Practices Investigation Bureau’s questioning of Ong Beng Seng regarding his dealings with former transport minister S Iswaran, Ong has tenaciously held on as managing director of Hotel Properties Limited (HPL). However, Ong, who is HPL’s co-founder and a member of its board of directors since 1980, will relinquish his managing director role soon. He will not seek re-election at HPL’s forthcoming annual general meeting on Apr 29. The Malaysian tycoon was scheduled to plead guilty to charges of abetting a... Read More



