This article first appeared in The Edge Financial Daily on May 24, 2019
KUALA LUMPUR: Malton Bhd managing director (MD) Lim Siew Fai has passed away at the age of 52.
Lim passed away on Tuesday, Malton said in a stock exchange filing yesterday.
He had been the managing director of the property developer since December 2015, and was a brother of Tan Sri Desmond Lim Siew Choon, Malton’s executive chairman and major shareholder.
Malton shares retreated 2.5 sen or 4.55% to close at 52.5 sen yesterday, giving the property developer a market capitalisation of RM277.27 million.