EWI Capital Bhd has appointed Tee Kim Xiong as its new deputy chief executive officer
EWI Capital appointed Tee Kim Xiong as deputy CEO while posting a 2Q26 net loss, with future income expected from its newly acquired Melbourne commercial asset.
EWI Capital Bhd has appointed Tee Kim Xiong as its new deputy chief executive officer, strengthening its leadership team as it advances its investment strategy.
In a Bursa Malaysia filing, the company said Tee, 37, brings extensive experience in corporate and investment banking, having spent nearly 15 years with CIMB Bank. Before joining EWI Capital, he briefly served as chief executive officer of a private real estate asset management company.
Separately, EWI Capital reported a net loss of RM30.86 million for the second quarter ended April 30, 2026, compared with a net profit of RM2.28 million recorded in the corresponding quarter a year earlier. The group did not register any revenue during the period.
The company noted that its Australian projects were fully sold and handed over to purchasers in the 2025 financial year. EWI Capital also completed its subscription into TrustCapital Australian Office Fund No. 3 during the quarter and expects to begin generating income following the acquisition of a commercial asset in Melbourne in May 2026.
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