OSK Holdings CEO’s sons appointed executive directors


KUALA LUMPUR: OSK Holdings Bhd has appointed Ong Ju Yan, son of chief executive officer/group managing director Tan Sri Ong Leong Huat, as deputy managing director.

In a filing with Bursa Malaysia, the property investment and capital financing firm said Ju Yan, 35, had over 14 years of experience in financial services, having worked in Citibank Malaysia and Morgan Stanley in New York, Hong Kong and Singapore.

In 2004, he joined OSK Investment Bank Bhd in Malaysia where he last held the position of chief operating officer and head of investment banking.

On Friday Ju Yan was also appointed executive director of OSK Property Holdings Bhd and PJ Development Holdings Bhd.

In a separate filing, OSK Holdings said it had appointed Ju Yan’s brother Ong Ju Xing, 30, as executive director.

He has worked with multinational corporations across several industries, namely corporate restructuring with Ernst & Young, consumer banking with HSBC, investment banking with Credit Suisse and management consulting with Accenture.

OSK Holdings also said Datuk Saiful Bahri Zainuddin, an independent non-executive director of Bursa Malaysia, as executive director.

OSK Holdings, which is seeking to merge with OSK Property Holdings and PJ Development Holdings, also issued a press statement saying its unconditional takeover offer involving the acquisition of all remaining OSK Property Holdings shares and outstanding warrants C had closed on Friday.

As of the date, it and people acting in concert hold 97.1% of the shares and 93.05% of the warrants.

OSK Holdings reiterated its intention to invoke the provisions of the Capital Markets and Services Act 2007 to compulsorily acquire any remaining offer shares for which valid acceptances had not been received.

OSK Holdings shares have dipped 14% from three months ago. They closed at RM1.73 on Friday, up 8 sen (4.8%) from the previous day.


Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MIDF sees Malaysia's fourth quarter GDP growth at 4.8%
MMAG Holdings expands into financial, aviation services
Dialog posts first quarterly loss in 25 years
GUH gets RM119.83mil compensation on repossession of Suzhou high-tech zone land
Glomac establishes RM3bil sukuk wakalah programme
Bank Negara issues discussion paper on National Strategy for Financial Literacy 2026-2030, seeks feedback
ES Sunlogy optimistic of its prospects
Ringgit ends higher after correcting oversold position
Perak Corp disposes of three plots of land for RM8.5mil
Trading in MAHB shares to be suspended from Feb 20

Others Also Read