PETALING JAYA: Hong Kong-listed Value Partners Group Ltd is making some changes to its board, effective Jan 2.
The shuffle includes the redesignation of Penang-born Datuk Seri Cheah Cheng Hye, who decided to step down from his role as the co-chairman and co-chief investment officer of the company.
Cheah will remain on the board as a non-executive director. He is also appointed as the honorary chairman of Value Partners.
In a filing with the Hong Kong Stock Exchange, the fund and asset management firm also said that Lin Xianghong will be re-appointed as chairman of the board. Prior to this, she was the co-chairman of the board and an executive director of the group.
Cheah co-founded Value Partners in February 1993 with his partner, V-Nee Yeh. Throughout the 1990s and early 2000s, he held the position of chief investment officer and managing director of the company and was responsible for managing both the firm’s fund management and business operations.
