The property tycoon will devote more time to managing his rare white blood cell cancer
Hotel Properties Limited (HPL) announced on Monday (Apr 14) that managing director Ong Beng Seng will be stepping down from the position to devote more time to manage his medical conditions.
The company said in a bourse filing that Ong will not be putting himself up for re-election as a director as well. Ong will no longer hold both positions following HPL’s annual general meeting to be held on Apr 29.
“As Mr Ong wishes to devote more time to manage his medical conditions, Mr Ong will not be putting himself up for re-election as a Director,” HPL said in the SGX filing.
In February, it came to light that the tycoon was receiving treatment for cancer – multiple myeloma, a form of white blood cell cancer.
Ong has been embroiled in the high-profile development of former Transport minister S. Iswaran in a case where he was sentenced for accepting gifts as a minister and obstructing justice. It marked the first time a former Cabinet minister was sentenced.
Ong was named in some charges to which former minister Iswaran pleaded guilty, including abetting a public servant in obtaining of gifts, and one charge of obstruction of justice.
The Malaysian had previously been scheduled to plead guilty to both charges on Apr 2. The hearing was rescheduled to Apr 25 to allow the businessman time to obtain further reports from his doctors on his medical condition.
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