EWI Capital Bhd (formerly known as Eco World International Bhd) has appointed Tee Kim Xiong as its new deputy chief executive officer.
In a filing with Bursa Malaysia, the group said Tee, aged 37, brings extensive experience in corporate and investment banking, having spent the majority of his career with CIMB Bank, where he served for nearly 15 years.
EWI Capital Bhd deputy chief executive officer Tee Kim Xiong.
The company added that prior to joining EWI, Tee briefly held the position of chief executive officer at a private real estate asset management company.
The appointment comes as EWI continues to reposition its business following changes in its operating structure and project pipeline.
In a separate filing, EWI reported a net loss of RM30.86 million for the second quarter ended April 30, 2026 (2Q26), compared with a net profit of RM2.28 million in the same period a year earlier. The group did not record any revenue for the quarter.
EWI explained that its projects in Australia had been fully sold and handed over to purchasers in financial year 2025, resulting in the absence of revenue during the current reporting period.
The group also said it completed its subscription into TrustCapital Australian Office Fund No. 3 during 2Q26. It expects future income to be generated following the completion of the acquisition of a commercial asset in Melbourne in May 2026.
Despite the current loss-making position, EWI said its transition towards investment-linked income streams is expected to support longer-term earnings visibility as it shifts away from its previous development-heavy model.
