The firm booked a wider loss of $9.5m in 1H24.

Keong Hong Holdings has appointed Heng Fook Chang as its new Chief Financial officer starting 8 July.

In a bourse filing Tuesday, Keong Hong said the 53-year-old executive will be overseeing all financial, accounting and corporate secretarial matters of the group.

The firm believes Heng "has the requisite experience and capabilities to assume the duties and responsibilities" as the company's CFO.

His appointment was made after reviewing his qualifications and considering the recommendation of the Nominating Committee.

Prior to his new role, Heng was previously the group financial controller of Boldtek Holdings for two years since May 2022, and served as a chief financial officer of Compact Metal Industries from 2012 through 2018.

Keong Hong, a Singapore-based investment holding firm primarily involved in building construction services, property, and hotel investments, saw its losses widen to $9.5m in 1H24 from $4.4m in 1H23.