Change in Boardroom
| UOA DEVELOPMENT BHD |
| Date of change | 27 May 2026 |
| Name | MR KONG CHONG SOON @ CHI SUIM |
| Age | 85 |
| Gender | Male |
| Nationality | Malaysia |
| Designation | Managing Director |
| Directorate | Executive |
| Type of change | Demised |
Qualifications
| No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
|
Professional Qualification
|
Civil Engineering |
Perth Technical College (now known as Curtin University) |
Mr. Kong graduated with an Associateship in Civil Engineering from the then Perth Technical College (now known as Curtin University) in 1964 and is a member of the Chartered Engineers of Australia. |
| Working experience and occupation | Mr. Kong Chong Soon was appointed a Director and Managing Director of the Company on 27 May 2004. He was responsible for the overall group management, strategic development and growth of the Group. He was the co-founder of UOA Group, and had served the Company with exceptional distinction and integrity with his steadfast leadership and guidance. With his contribution, the Company has seen growth, governance and long-term success.
His previous experiences included his 42 years of experience in the construction and property development industries, both in Malaysia and Singapore. He played a key role as Project Advisor to the Harapan group of companies where he was instrumental in overseeing the successful construction of three internationally-rated hotels in Singapore, namely Hotel Meridien, Glass Hotel and Changi Meridien Hotel, valued in excess of SGD866.0 million, during the 1970s and 1980s.
In 1987, Mr. Kong co-founded United Overseas Australia Ltd ("UOA" or "Parent Group") and spearheaded our Parent Group's rapid growth in Malaysia. Over the last three decades, our Parent Group together with other Group members have successfully completed numerous residential, industrial and commercial developments in various parts of Kuala Lumpur. He has in the past served in various capacities in several public-listed companies both in Malaysia and Singapore which included Raleigh Bhd, Town and City Properties Ltd and Tuan Sing Holdings Ltd. |
| Family relationship with any director and/or major shareholder of the listed issuer | He is the father of Mr. Kong Sze Choon, who is his Alternate Director and Mr. Kong Sze Hou, who is a Director of some subsidiaries in the UOA Group. He does not have any family relationship with any other Director and/or major shareholder, nor any conflict of interest with the Company. |
| Any conflict of interests that he/she has with the listed issuer | No. |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Mr. Kong Chong Soon @ Chi Suim is deemed interested by virtue of Section 8 of the Companies Act, 2016 (shareholdings held through his associates Griyajaya Sdn Bhd and Transmetro Sdn Bhd ("Transmetro") in United Overseas Australia Ltd, and Transmetro, Global Transact Sdn Bhd and his children in UOA Development Bhd., held as follows: -
(1) LTG Development Sdn Bhd - 20 shares
(2) Transmetro Sdn Bhd - 20 shares
(3) United Overseas Australia Ltd - 4,687,200 shares
(4) UOA Holdings Sdn Bhd - 1,804,472,900 shares
(5) UOA Holdings Sdn Bhd - 163,300 shares
(6) RHB Capital Nominees (Tempatan) Sdn Bhd - 34,946,300 shares
(7) Global Transact Sdn Bhd - 57,700 shares
(8) Kong Ai Chee - 73,900 shares
(9) Kong May Chee - 63,400 shares
(10) Kong Sze Choon - 157,900 shares |
| Remarks : |
DEMISE OF MR. KONG CHONG SOON
The Board of Directors ("Directors") of UOA Development Bhd (the "Company") announces with profound sadness the passing of our Managing Director, Mr. Kong Chong Soon ("Mr. Kong"), who passed away peacefully on 27 May 2026.
On behalf of all staff of the Company, the Board extends its deepest condolences to his family. The Board also expresses its heartfelt gratitude and appreciation for the invaluable contributions to the Company by Mr. Kong.
As the co-founder of UOA Group, Mr. Kong served the Company with exceptional distinction and integrity, providing steadfast leadership and strategic guidance throughout his tenure as Managing Director. His contribution to the growth, governance and long-term success of the Company has been significant and enduring.
The Board wishes to assure shareholders, customers, employees and business partners that the Company's operations and governance remain stable and fully supported by the existing leadership team and management structure.
In the interim, the Chairman and Executive Director of the Company, Mr. Kong Pak Lim, will assume the role and responsibilities of Managing Director until a new Managing Director is formally appointed within three (3) months. Further announcements regarding Board arrangements will be made in due course.
On behalf of the Board, we acknowledge and honour Mr. Kong's outstanding contribution and lasting legacy to the Company.
By Order of the Board
Kong Pak Lim
Chairman
UOA Development Bhd. |
Announcement Info
| Company Name | UOA DEVELOPMENT BHD |
| Stock Name | UOADEV |
| Date Announced | 28 May 2026 |
| Category | Change in Boardroom |
| Reference Number | C03-28052026-00001 |