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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