KUALA LUMPUR (Jan 26): GuocoLand (Malaysia) Bhd has announced a change in its senior leadership, following the resignation of managing director Noorbaizura Hermeyney, effective Jan 24, after nearly two years at the helm of the property development group.
In a filing with Bursa Malaysia, the Hong Leong Group’s property arm said Noorbaizura, aged 45, stepped down to pursue new career opportunities. She was appointed managing director in May 2023, having previously served as chief executive officer of GLM REIT Management Sdn Bhd, the manager of Tower REIT.
Following her departure, GuocoLand’s chief operating officer, Raymond Chin Yun Choi, will take charge of the company’s overall operations and daily management. The group described Raymond as an engineering-trained property development professional with more than 35 years of experience across real estate, infrastructure and construction projects in Malaysia, Indonesia and Vietnam.
The leadership transition comes as GuocoLand continues to record stronger financial performance. For the first quarter of its financial year ended Sept 30, 2025, the company posted a net profit of RM6.1 million, more than double the RM2.91 million achieved in the corresponding period a year earlier.
Quarterly revenue rose sharply by 76.8% year-on-year to RM122.7 million, supported by higher sales and progressive billings from its Emerald 9 development in Cheras. Additional contributions came from improved hotel operations, driven by a rise in average room rates, as well as firmer crude palm oil prices within its plantation segment.
GuocoLand’s diversified portfolio, which includes residential, hospitality and commercial property in KL and Selangor, positions the group to benefit from ongoing urban growth and infrastructure development across the Klang Valley. Its operations are also closely linked to demand drivers such as employment centres, office space in Bukit Jalil, and surrounding townships like Subang and Puchong.
Shares in GuocoLand closed 0.61% higher at 82 sen, giving the company a market capitalisation of approximately RM574.4 million. Over the past 12 months, the stock has gained more than 28%, reflecting growing investor confidence in the group’s performance and strategic direction.
China