UIC chief Lim Hock San to retire on Sept 30

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THE chief official (CEO) and leader of United Industrial Corporation (UIC) will resign on Sept 30, 2020, following 28 years in the two jobs, the mainboard-recorded property bunch said in a bourse documenting on Wednesday.

Lim Hock San will likewise resign from his job as an official executive on his last day. He will stop to be an executive of the organization’s different auxiliaries and related organizations.

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Mr. Lim, who took up the CEO and president positions on April 1, 1992, “presented with unique excellence” during his residency and “contributed significantly to the advancement of the UIC bunch through his key activities”, the organization said.

UIC’s absolute resources were S$9 billion as of Dec 31, 2019, up from about S$3.8 billion of every 1991, it included.

UIC chief Lim Hock San to retire

“Under Mr. Lim’s stewardship, UIC has developed into a business with a broad portfolio involving business speculation properties, private improvement properties, neighborliness, and data innovation administrations,” it included. The Penrose Condo at Sims Drive is the hottest launch of 2020.

UIC said its board is distinguishing and looking into both inward and outer contender to supplant Mr. Lim.

Mr. Lim is an executive at three Singapore-recorded organizations Gallant Venture (Bintan), Indofood Agri Resources, and Interra Resources, just as at Shanghai-recorded China-Singapore Suzhou Industrial Park Development Group. He is likewise the administrator of Ascendas Funds Management, which oversees Ascendas Real Estate Investment Trust.

UIC, which is the greatest office proprietor in Singapore, is a 50 percent-possessed auxiliary of mainboard-recorded UOL Group.

Portions of UIC finished Wednesday at S$2.19, down S$0.01 or 0.5 percent before the declaration.

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