About Us
Homegrown with a distinct international flavor, AF Global Limited maintains operations in Singapore, China, Thailand, Vietnam, Laos and the United Kingdom. Focusing primarily in hospitality and investment holdings, we own Crowne Plaza London Kensington and Holiday Inn Resort Phuket, in addition to two serviced residences. The Company is also currently developing an integrated lifestyle development in Xuzhou, the People’s Republic of China. Formerly known as LCD Global Investments Ltd, the Company changed its name in April 2016 to better reflect the Company’s close alignment with AF Corporation Pte Ltd (formerly known as AF Global Pte Ltd), who became the Company’s majority shareholder upon the completion of a voluntary cash offer.
Corporate Profile
Founded in 1973 and listed on the Singapore Exchange, AF Global Limited, formerly known as LCD Global Investments Ltd, has since evolved and grown over four decades to focus on hospitality and investment holdings. Today, the Group has presence in Asia and the United Kingdom. The Group’s impressive portfolio of businesses includes high-end hotels and resorts, serviced residences and real estate consultancy. With long-term stability as its goal, the Company is relentless in its pursuit of good opportunities for growth, both in its core businesses and beyond. In 2015, AF Corporation Pte Ltd (formerly known as AF Global Pte Ltd) made a general offer for the Company and became the majority shareholder upon the completion of the general offer on 12 March 2015. Aspial Corporation Limited and Fragrance Group Limited, both listed on the Singapore Exchange, are shareholders of AF Corporation Pte Ltd with each holding 50% of its issued shares. In keeping with its commitment to deliver greater value and returns to its shareholders, business partners and employees, the Company will continue to pursue favorable opportunities and establish strong partnerships.
Board of Directors
Mr Koh Wee Seng
Non-Executive Director

Mr Koh Wee Seng was appointed Non-Executive Director of the Company on 12 March 2015.

Mr Koh is the Chief Executive Officer and Executive Director of Aspial Corporation Limited, and the Non-Executive Chairman of Maxi-Cash Financial Services Corporation Ltd. He is responsible for the strategic planning overall management and business development of Aspial Group. He has successfully led Aspial Group’s diversification into property business and financial service business.

Mr Koh holds a Bachelor degree in Business Administration from the National University of Singapore.

Mr Chay Yue Kai
Chief Executive Officer

Mr Chay Yue Kai was appointed Chief Executive Officer of the Company on 2 April 2015 and will oversee the overall management and business development.

Mr Chay has over 30 years of working experience in both local and regional property development and investment businesses. He joined L.C. Development Ltd (the former name of the Company) as Senior Manager and became an Executive Director of the property division in 2005. Mr Chay was with the Company from October 2002 to January 2012. He was Managing Director of Guocoland China (Beijing and North China) from 2012 to 2013. From 2013 to 2014, he was Head of Real Estate Development of Straits Trading Company.

Mr Chay holds a Bachelor of Science (Honours) degree in Building from the University of Singapore (now known as the National University of Singapore).

Mr Periakaruppan Aravindan
Non-Executive Director

Mr Periakaruppan Aravindan was appointed Non-Executive Director of the Company on 12 March 2015.

Mr Aravindan is Executive Director of Fragrance Group Limited and Non-Executive Director of Global Premium Hotels Limited. The businesses of both companies include property development, ownership and management of hotels. He has over fifteen years of experience in the property and hotel industry and has extensive experience in finance,
accounting, secretarial and tax functions.

Mr Aravindan is a Chartered Accountant and a non-practicing member of the Institute of Singapore Chartered Accountants. He is also a fellow of the Association of the Chartered Certified Accountants, United Kingdom and graduated with a Bachelor in Commerce and a Masters in Business Administration (Finance).

Mr Woo Peng Kong
Lead Independent Director

Mr Woo Peng Kong was appointed Independent Director and Lead Independent Director of the Company on 2 April 2015 and 20 July 2016 respectively.

Mr Woo has over 30 years of experience in the oil & gas and marine & offshore industries, holding diversified senior management roles in engineering, sales & marketing, new business start-ups and joint ventures, with particular strength in business operations and financial management.

Mr Woo holds a Bachelor degree in Engineering (Mechanical) (First Class Honours) from the University of Singapore (now known as the National University of Singapore) and a Certified Diploma in Accounting and Finance from the Association of the Chartered Certified Accountants, United Kingdom.

Mr Meelan Gurung
Independent Director

Mr Meelan Gurung was appointed Independent Director of the Company on 2 April 2015.

Mr Meelan is presently the Group Managing Director of Acuatico Pte Ltd. He was Head of Tax, Asia of Avenue Capital Group from September 2008 to December 2012. From February 2005 to August 2008, he was Global Group Tax Planning Manager at Schlumberger, United Kingdom. Mr Gurung was Chief Financial Officer with Schlumberger, Australia from May 2002 to January 2005.

Mr Gurung holds a Bachelor degree in Economics from the Monash University.

Mr Yeo Wee Kiong
Independent Director

Mr Yeo Wee Kiong was appointed Independent Director of the Company on 20 July 2016.

Mr Yeo is currently a Director in Heliconia Management Pte Ltd, a wholly-owned fund management subsidiary of Temasek Holdings and a Director and Chairman in Ezyhealth group. He is also an ex-Director of a leading Singapore law firm. Prior to that, he was the managing partner of a law corporation which he founded. He was a former investment banker with a Singapore-based UK merchant bank and a senior industry officer with a government statutory board.

Mr Yeo holds a Bachelor degree in Engineering (Mechanical) (First Class Honours) and a Master in Business Administration from the then University of Singapore and the National University of Singapore respectively. He also graduated with an honours degree in law from the University College of London and is also a Barrister-at-Law of Lincoln’s Inn for England and Wales.