Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on February 15, 2019

KUALA LUPUR: Property developer MCT Bhd announced yesterday that Teh Heng Chong will be its new chief executive officer (CEO) and executive director, effective March 4.

The announcement came after the group announced a slew of boardroom changes on Jan 23, including the resignation of its then CEO, Jose Juan Z Jugo, and chief financial officer Maria Rochelle S Diaz, which took immediate effect.

In November last year, MCT was thrust into the limelight when riots broke out at the Seafield Sri Maha Mariamman Temple in Subang Jaya, over the temple’s relocation from its current site at USJ 25. The land on which the temple is situated belongs to MCT’s wholly-owned subsidiary, One City Development Sdn Bhd.

MCT is 66.25%-controlled by Ayala Land Inc, the property arm of Ayala Corporation of the Philippines.

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