Hor Kew executive chairman dies suddenly
CONSTRUCTION-RELATED Hor Kew Corporation announced the sudden demise of its executive chairman, Dr Aw Leng Hwee, yesterday.
"The board expresses its deepest sympathy and heartfelt condolences to the family of the late Dr Aw," the company said in a release expressing its "deep regret and sadness".
In the interim, Mr Dennis Aw Khoon Hwee, its managing director, will assume the duties of the executive chairman.
Dr Aw, 61, was the brother of Mr Dennis Aw.
He held 67.94 million shares in the company, representing an 8.7 per cent stake directly, of which 800,000 shares were held in the name of a nominee and was deemed interested in 256.41 million shares (32.83 per cent) held by Hor Kew Holdings.
Dr Aw was appointed to the executive-chairman role in 1999.
The group's origin can be traced back to 1979, when Hor Kew Private Limited became the main business vehicle.
In 1983, the group was awarded its first main building contract. This contract, with a value of $28.5 million, was for the building of eight blocks of residential apartments.
In 1986, the group embarked on its first property development project. Since then, it has completed several property development projects.
THE BUSINESS TIMES