New CEO of NLG, Mr. Lucas Ignatius Loh Jen Yuh. Source: NLG
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It is known that Mr. Lucas LOH holds a Master’s degree in Business Administration from Oklahoma City University and has participated in the senior management program at Harvard Business School.
Prior to joining the board of directors of NLG, Mr. Lucas LOH has 20 years of executive management experience, including 16 years in senior leadership/management positions.
From July 2021 to January 2024, he worked at Hopson Development Limted (China) as Co-President of Hopson Development Group and Hopson Commercial, Group President of Hopson Real Estate.
Notably, he had worked at CapitaLand for 20 years from 2001-2021, during which he held the position of CEO and Chairman of CapitaLand China from September 2014 to July 2021. During this period, CapitaLand’s business in China doubled in terms of revenue and managed asset value.
In addition, Mr. Lucas has also successfully transformed the traditional real estate business model into a digital model in both management operations and customer engagement.
The Chairman of NLG Board of Directors, Mr. Nguyen Xuan Quang said: “In the future, in addition to residential real estate and urban areas, NLG will continue to develop core areas to ensure stable growth such as: commercial real estate development; capital mobilization, investment and investment management; investment in new business fields; and third-party capital management.
Therefore, the corporation needs strong core capabilities with the leadership of experienced senior personnel in the areas that Nam Long is expanding. This is not only to ensure the sustainable development of the corporation, but also to serve the interests of shareholders, partners, and stakeholders. Mr. Lucas LOH has been selected by the Board of Directors based on his suitability for this development phase“.
On the day of the announcement of the new CEO, NLG stocks on the stock exchange had a limit-up session, reaching 42,650 VND/share. The trading volume reached nearly 13.3 million shares, the highest in the past 2 years.
| NLG Stock Price Performance since the beginning of 2024 |
