<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 23): S P Setia Bhd (KL:<a href="/askedge/klse/8664" class="ce-stock" target="_blank">SPSETIA</a>) said on Friday Datuk Choong Kai Wai remains as the president and chief executive officer of the state-owned property developer.</p></div>

<div class=newsTextDataWrapInner><p>The statement follows a news report of his purported exit from the company controlled by Permodalan Nasional Bhd. <em>The New&nbsp;Straits Times </em>reported earlier in the day that Choong’s departure could be announced as soon as this week by the state asset manager.</p></div>

<div class=newsTextDataWrapInner><p>“S P Setia would like to clarify that the speculations are not true,” the company said in a statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company said it will remain committed to achieving its strategic initiatives under Choong's guidance, and “look forward to his continued contributions to the company as we pursue our growth plans and deliver value to all stakeholders”.</p></div>


S P Setia Bhd (KL:SPSETIA) said on Friday Datuk Choong Kai Wai remains as the president and chief executive officer of the state-owned property developer.

S P Setia says CEO Choong Kai Wai will stay, denies report of departure

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<p>Alibaba Group Holding Ltd agreed to merge its South Korean operations with E-Mart Inc’s e-commerce platform to better compete in the country’s fast-paced online retail sector.</p>


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<p>Telegram and Tencent’s WeChat have begun the process of obtaining the requisite licence to operate their platforms in Malaysia next year, according to regulator Malaysian Communications and Multimedia Commission (MCMC).</p>
