Singapore's Lee says Finance Minister Wong to succeed him as PM

FILE PHOTO: 28th SEA Games Singapore 2015 - Sengkang Hockey Stadium, Singapore - 10/6/15 Hockey - Men's Preliminary - Singapore v Thailand - Minister Lawrence Wong acknowledges the crowd before the match. Mandatory Credit: Singapore SEA Games Organising Committee / Action Images via Reuters

SINGAPORE (Reuters) -Singapore's Prime Minister Lee Hsien Loong said on Saturday that Finance Minister Lawrence Wong would succeed him as the city-state's leader.

Wong was chosen as leader of the ruling People's Action Party's (PAP) so-called fourth generation team, according to an announcement on Thursday, paving the way for him to become prime minister.