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PPB Group, part of the business empire of Malaysia’s richest man Robert Kuok, has named his grandson Kuok Meng Xiong as its new group managing director. Kuok Meng Xiong, non-independent and non-executive director of PPB Group Meng Xiong, 45, will take over from the current group managing director, Lim Soon Huat, from Sept. 1, according to the group’s filing with Bursa Malaysia on Wednesday. Lim, 61, will relinquish the role and take up a position as adviser to the board, the

Pham Nhat Quan Anh, the eldest son of Southeast Asia's richest man Pham Nhat Vuong, has been named chairman of his father’s electric vehicle maker VinFast. Pham Nhat Quan Anh, VinFast's chairman The appointment, effective last Saturday, saw him replace Le Thi Thu Thuy, who left the firm’s board to focus on her role as vice chairwoman of parent company Vingroup, according to an announcement made Monday. Vingroup is chaired by Vuong and it owns 50% of the EV maker. Anh, 33, ser