Hiap Hoe Limited Announces Cessation of Patrick Tan Boon Chew as Group General Manager

Hiap Hoe Limited is a regional real estate company, which has a diversified portfolio of hospitality, retail, commercial and residential assets. Its segments include Development Properties, Rental, Leisure, Hotel Operations, Other Investments and Others. The Development Properties segment is in the business of acquiring land/property and developing them into residential/industrial/commercial properties for sale. The Rental segment is in the business of renting of space under the investment properties and property, plant and equipment. The Leisure segment is in the business of providing leisure and recreational facilities, including bowling centers, billiards centers and amusement centers under the brand SuperBowl. The Hotel Operations segment is operated under the brand names of Ramada Singapore, Days Hotel Singapore, Holiday Inn Express Trafford City, Four Points by Sheraton Melbourne and Aloft Perth. The Other Investments portfolio with a mix of quoted and unquoted investments.