KUALA LUMPUR, Ivory Properties Group Bhd’s share price remained unchanged at half-a-sen in mid-morning trade on Monday, with 10.63 million shares exchanged, following news of the resignation of its group chief executive officer (CEO) and executive director, Datuk Low Eng Hock.
In a filing to Bursa Malaysia on Sunday, the Penang-based property developer announced that Low, 62, officially stepped down from the board on Aug 22, 2025, citing personal reasons for his departure.
Low, who has been a key figure in Ivory Properties’ leadership and growth strategy, directly owns 84.54 million shares, representing a 17.25 per cent stake in the company, in addition to an indirect interest of 28.23 million shares, or 5.76 per cent.
With his resignation, Low will relinquish all executive and board responsibilities, including his role as group CEO. The company has yet to announce a successor.
Bursa Malaysia had earlier suspended trading of Ivory Properties’ securities from 9 am to 10 am on Monday, Aug 25, 2025, in line with regulatory requirements following the announcement.
Despite the leadership change, Ivory Properties’ stock showed little reaction, suggesting that investors may already have priced in the news or are awaiting clarity on the company’s next steps in its leadership transition.
