KUALA LUMPUR: Melaka-based property developer Teladan Group Bhd has named Allan Ngu as its chief executive officer effective Nov 1.
In a statement, Teladan said the appointment aligns with its strategy to enhance scale and operational efficiency as it continues to build a diversified property portfolio.
Ngu, 46, previously held senior roles at Tropicana Corp Bhd, Grand Hoover Bhd, Setia Awan Group (Lagenda Properties Bhd) and Aikbee Group.
He was most recently chief financial officer at Harumi Brands Sdn Bhd, a poultry processing company in Perak.
Ngu holds a Bachelor of Commerce (Finance) degree from Curtin University in Perth, Australia.
He brings more than two decades of experience in investment banking, property development and investment, construction and trading of building materials, leisure and hospitality, as well as integrated poultry processing.
Teladan managing director Richard Teo said Ngu’s appointment will strengthen the group’s leadership bench as it accelerates expansion beyond residential and commercial projects into industrial developments.
“Ngu’s experience in corporate strategy and investment will enhance our capability to unlock the full potential of our 339.1-hectare land bank, valued at an estimated gross development value of RM2.85 billion and drive sustainable growth as we broaden our footprint across Peninsular Malaysia,” he added.
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