Major Boardroom Changes: Puan Noorbaizura Binti Hermeyney Steps Down from GuocoLand (Malaysia) Berhad and Tower Real Estate Investment Trust

KUALA LUMPUR, 23 January 2026 — In a significant development with potential implications for investors, Puan Noorbaizura binti Hermeyney, aged 45, has announced her resignation from two key executive roles effective 24 January 2026. She leaves her position as Managing Director of GuocoLand (Malaysia) Berhad (GLM) and as Executive Director of Tower Real Estate Investment Trust (Tower REIT).

Key Points from the Announcement

• Date of Resignation: 24 January 2026
• Positions Affected:
  • Managing Director, GuocoLand (Malaysia) Berhad
  • Executive Director, Tower Real Estate Investment Trust
• Reason for Resignation: To pursue other career opportunities
• Age and Nationality: 45, Malaysian
• No Disagreements: The outgoing director has no disagreements with the Board of Directors of either company
• No Matters for Shareholders’ Attention: No additional matters highlighted for shareholders’ attention at this time

Transition and Continuity Plans

GuocoLand (Malaysia) Berhad: Following Puan Noorbaizura’s departure, Mr Raymond Chin Yun Choi, currently the Chief Operating Officer, will assume responsibility for the business and day-to-day management of the GLM Group. Mr Chin is an engineering-trained property development leader with over 35 years of experience spanning real estate, infrastructure, and construction in Malaysia, Indonesia, and Vietnam. This interim leadership is expected to provide business continuity, but investors should monitor for any future updates regarding permanent appointments.

Tower Real Estate Investment Trust: Puan Noorbaizura will also resign as Director of GLM REIT Management Sdn Bhd, the Manager of Tower Real Estate Investment Trust, effective the same day. The announcement does not specify a successor or interim management arrangement for this role.

Potential Impacts on Shareholders and Share Price Sensitivity

• Leadership Transition: The simultaneous resignation from two high-profile executive roles may lead to investor uncertainty regarding strategic direction and management stability in both GLM and Tower REIT.
• Price Sensitivity: Executive departures, especially at the Managing Director level, are typically considered price-sensitive information. While the reason for departure is described as career advancement and not due to disagreements, investors may react to perceived risks during the transition period.
• No Indication of Conflict or Shareholder Issues: There are no reported conflicts of interest, family relationships with major shareholders, or matters requiring shareholder attention. The outgoing director does not hold any disclosed interests in the securities of the companies.
• Ongoing Oversight: Investors should watch for further announcements regarding new appointments or changes in strategic direction, as these could affect the share price and overall confidence in the companies’ future performance.

Background on Departing Leader

The announcements do not provide details of Puan Noorbaizura’s qualifications, major field of study, or previous working experience and occupation. However, her roles as Managing Director and Executive Director underscore her significant influence within both organizations.

Conclusion

The resignation of Puan Noorbaizura binti Hermeyney from her executive roles at GuocoLand (Malaysia) Berhad and Tower Real Estate Investment Trust marks a major change in leadership at both companies. Investors are advised to monitor the situation closely for further updates regarding management appointments and strategic direction, as these could have material impacts on share value in the near term.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Shareholders and prospective investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The information herein is based solely on official company announcements and may be subject to further updates.

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