SINGAPORE, April 13 -- Prominent property magnate Ong Beng Seng will step down as managing director of Hotel Properties Limited (HPL) following the company's annual general meeting on April 29.

In a filing with the Singapore Exchange today, HPL said Ong's resignation is to allow him to focus on managing his medical conditions, and he will not be seeking re-election as a board director, according to a report published on Channel News Asia today.

"It is to devote more time to manage his medical conditions," the company stated.

The 79-year-old's health came under the spotlight amid legal proceedings involving former transport minister S Iswaran, with Ong diagnosed with bone marrow cancer earlier this year.

He was charged in October 2024 ...