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Briefs: Wee Cho Yaw relinquishes board roles, China's factory activity tops decade high

The Edge Singapore
The Edge Singapore • 6 min read
Briefs: Wee Cho Yaw relinquishes board roles, China's factory activity tops decade high
Wee Ee Cheong, better known as the deputy chairman and CEO of UOB, will take over from his father as the chairman at UOI. Photo: Bloomberg
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Quoteworthy: "Evolve or die. That’s what’s happening here." — Bridgewater Associates CEO Nir Bar Dea on his new reorganisation strategy to boost returns, increase profits.

Wee Cho Yaw relinquishes board roles

Legendary banker Wee Cho Yaw, 94, is retiring as chairman of two listed companies his family controls: Singapore Land Group and United Overseas Insurance (UOI). However, as of March 1, there is no word from two other companies he now chairs if he would be stepping down as well: UOL Group and Haw Par Corp.

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