CapitaMalls Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaRetail Malaysia REIT Management Sdn. Bhd.) (“CMRM”), a subsidiary of CapitaMalls Asia Limited (“CMA”) and the manager of CapitaMalls Malaysia Trust (“CMMT”), wishes to announce the key management changes set out below with effect from 1 April 2011.
(i) Ms Low Peck Chen’s appointment as Deputy Head, Finance & Compliance
Ms Low was the Finance Manager responsible for the financial reporting of CMMT and Joint Secretary of CMRM. Ms Low has been with the CMA group of companies since 2008 and was part of the core team that spearheaded the listing of CMMT on the Main Market of Bursa Malaysia Securities Berhad. Prior the initial public offering of CMMT in 2010, she was responsible for the financial reporting in relation to Sungei Wang Plaza as well as treasury and tax functions. Ms Low has more than 11 years of experience in finance and accounting. She holds a Bachelor of Accounting (First Class Honours) degree from the University of Malaya, Malaysia and is a member of the Malaysian Institute of Accountants.
Based on her qualifications and experience, the Board of Directors of CMRM is of the view that Ms Low’s appointment will facilitate the continued growth of CMMT.
With Ms Low’s appointment as Deputy Head, Finance & Compliance, she will relinquish her appointment as Joint Secretary of CMRM. Ms Ng Lay Leng and Ms Aida binti Karim will continue as the Joint Secretaries of CMRM.
(ii) Mr Lee Hui Yeow steps down as Head, Finance & Compliance
Mr Lee has relinquished his appointment as Head, Finance and Compliance. Mr Lee was previously seconded to CMRM from CMA and he has returned to CMA to assume the position of Deputy Financial Controller.
The Board of Directors of CMRM would like to express its appreciation to Mr Lee for his contributions.
This announcement is dated 31 March 2011.