Leadership Transition: Address by Chairman Koh Wee Seng
With effect from 1 December 2025, Mr Quah Kay Beng, the incumbent CEO and an Executive Director (“ED”), has sold his entire equity stake of 25% in BigFundr to the majority shareholder, Maxi-Cash Capital Management Pte Ltd. (“MCCM”), a subsidiary of Aspial Lifestyle Ltd (“Aspial”).Mr Quah has also stepped down as CEO and ED to pursue other personal interests. His last day in office was 1 December 2025. We would like to express our gratitude to Mr Quah for all his contributions, and we wish him every success in his future endeavours. The Board of BigFundr is pleased to appoint Mr Bruce Loo Su Ping, an existing ED, who has been with BigFundr since its founding days, as Interim CEO. Mr Loo has played a pivotal role in BigFundr's strategic and operational direction since its establishment. His appointment ensures steadfast leadership and operational stability with only minimal administrative disruption. Aspial’s increased shareholding in BigFundr to 90% reflects its confidence in BigFundr’s long-term growth, and BigFundr will be able to draw even more closely on Aspial’s resources and financial strength as we enter our next phase of growth.Together with the Board, Mr Loo and the management team remain focused on delivering a consistent and robust pipeline of fixed-term, real-estate-backed investment opportunities to our investors.
