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  • Frederick Ma opts for early exit from MTRC helm
    Date:2018-11-20 

    MTRC Limited (0066) chairman Federick Ma Si-hang will only remain in his job for another six months until June next year, as The Standard reported earlier this month.

    His three-year term comes to a close at the end of the year.

    On November 1, The Standard reported that Ma had turned down an offer to serve another three years and instead will stay for six months until a replacement for chief executive Lincoln Leong Kwok-kuen, 58, is found. Kwok is heading into early retirement.

    The government announced today just weeks after The Standard report, that the Financial Secretary has re-appointed Ma for six months.

    In early August, Ma said he had been asked by Chief Executive Carrie Lam Cheng Yuet-ngor to stay on in the wake of a major disruption in the construction of the Sha Tin-Central link and the resignations of several top-level executives in August.

    Ma succeeded Raymond Chien Kuo-fung as chairman in January 2016.

    Shares of MTRCL added 0.25 percent, or 10 HK cents, to close at HK$39.7.



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