PETALING JAYA: Hong Kong-listed Value Partners Group Ltd is making some changes to its board with effect from yesterday.
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.
