By Nikki De Guzman:
Property firm CapitaLand has announced the restructuring of its 40 percent stake in Surbana Corporation's residential development and consultancy businesses.
Puah Tze Shyang will remain as CEO of the residential development business which will be integrated into CapitaLand China, and will report to Jason Leow who heads the China arm.
The consultancy business will look to grow further under the guidance of its new Chairman, Liew Mun Leong, and new CEO, Pang Yee Ean.
“The restructuring of Surbana Corporation gives the residential development and consultancy businesses greater focus to pursue growth. The integration of the residential development business into CapitaLand China will enable us to reap synergistic benefits,” said Lim Ming Yan, CEO of CapitaLand.
Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email firstname.lastname@example.org