Sunway REIT Chief Executive Officer Chen Kok Peng has resigned to join Sunway Berhad as the Chief Financial Officer, effective June 16. His vacated position will be filled in by Madam Ng Bee Lien as Acting CEO for the time being until a suitable successor is found.
Chen Kok Peng joined Sunway Group as a Finance Trainee in 2004. He had held various roles within Sunway Group including Financial Controller of Sunway Hatay Co Ltd, Vietnam in 2008 and Assistant General Manager – Corporate Finance and Investor Relations of Sunway Berhad from 2009 to 2015.
During his tenure with Corporate Finance, Chen oversaw the listing of Sunway Berhad, Sunway Real Estate Investment Trust (“Sunway REIT”) and Sunway Construction Group Berhad. Mr Chen joined Sunway Integrated Properties Sdn Bhd in end of 2015 and was promoted to General Manager of Business Development where he gained exposure evaluating real estate opportunities in Malaysia, Singapore, United Kingdom and Australia.
During his tenure as CEO, Sunway REIT undertook a series of asset acquisitions and asset enhancement initiatives which grew Asset Under Management from RM8.8 billion to RM10.6 billion today. In its latest financial year ended 31 December 2024, Sunway REIT recorded its highest ever dividend per unit of 10 sen.
