The Board of Directors of Perennial Real Estate Holdings Limited announced the changes to the Audit & Risk Committee (ARC) which will take effect from 5 February 2016. The company announced that Mr. Chua Phuay Hee will step down as Chairman of the ARC. Mr. Chua, will, remain as member of the ARC; and Mr. Ooi Eng Peng, an existing ARC member, has been appointed as the Chairman of the ARC.