S P Setia denies leadership change, confirms Choong Kai Wai remains CEO


S P Setia Bhd president and chief executive officer Datuk Choong Kai Wai

KUALA LUMPUR: S P Setia Bhd has denied a leadership change and maintained that Datuk Choong Kai Wai continues as president and chief executive officer (CEO).

“With reference to the recent media article speculating that there could be a leadership change this week, S P Setia would like to clarify that the speculations are not true.

“Choong continues to serve as the president and CEO of SP Setia, bringing valuable leadership and experience to the organisation," the developer said in a filing with Bursa Malaysia,

S P Setia said it will remain committed to achieving its strategic initiatives under Choong's guidance, and look forward to his continued contributions to the company as we pursue our growth plans and deliver value to all stakeholders.

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S P Setia , Choong Kai Wai , CEO ,

   

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