Malton MD Lim Siew Fai passes away

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KUALA LUMPUR (May 23): Malton Bhd's managing director Lim Siew Fai has passed away at the age of 52.

Lim passed away on May 21, 2019, Malton said in a stock exchange filing today.

He had been managing director at the property developer since December 2015, and was the brother of Tan Sri Desmond Lim Siew Choon, Malton's executive chairman and major shareholder.

Shares in Malton declined 1.5 sen or 2.73% to 53.5 sen today, giving the property developer a market capitalisation of RM285.555 million.