Latest Comments
Rights Issue: Understanding Its Purpose, Mechanism & Difference Between Bonus Issue 5
Aditya Dubey, rafi, Hassan [...]
Difference Between ABC system versus Traditional based costing system 7
Narinder Singh, Malik Kashif, Ahmed [...]
Bonia Proposes Main Board Transfer, 1-for-2 bonus, Share Split 1
sickexceelM
Accounting Treatment & Work Flow on Write Off Bad Debts and Provision for Doubtful Debts 4
anita, Nandita, ezeokafor amrachi .i. [...]
Economic Value-Added: Pros And Cons of EVA 1
!abcodygz
Economic Value-Added (EVA) Compared To Earnings Per Share Or Return On Assets 2
name, name
Aditya Dubey, rafi, Hassan [...]
Difference Between ABC system versus Traditional based costing system 7
Narinder Singh, Malik Kashif, Ahmed [...]
Bonia Proposes Main Board Transfer, 1-for-2 bonus, Share Split 1
sickexceelM
Accounting Treatment & Work Flow on Write Off Bad Debts and Provision for Doubtful Debts 4
anita, Nandita, ezeokafor amrachi .i. [...]
Economic Value-Added: Pros And Cons of EVA 1
!abcodygz
Economic Value-Added (EVA) Compared To Earnings Per Share Or Return On Assets 2
name, name
Meta
New Rich in Malaysia
Published by slang May 31st, 2007 in MalaysiaDue to the bull run in the stock market, the following eight new faces joined the ranks of Forbes Asia’s 2007 Malaysia Rich List, which named the 40 richest people in the country:-
| New Rich & Rank | Holding | Others |
| Ong Beng Seng ( Rank:12 th ) |
Hotel Properties | · Currently resides in Singapore, has investments in luxury hotels, real estate and steel. · Controls the Singapore-listed Hotel Properties Ltd (HPL) that owns a portfolio of properties in the region, including the Hotel Concorde Kuala Lumpur and the franchise for Hard Rock Cafe (all Asia, excluding Japan). · HPL’s share price has appreciated more than 260% in the past 12 months |
| Yaw Chee Ming ( Rank:15 th ) |
Samling Global & Lingui Developments Bhd | · Yaw and his family own timber company Samling Global Ltd, which his father founded. · The company made its debut listing on the Hong Kong stock exchange earlier this year. It has since appreciated 29%. · The firm timber prices have continued to buoy Samling’s earnings, which are mainly derived from its Malaysian listed entity, Lingui Developments Bhd. · Lingui recently reported its third quarter results, which saw revenue rising 41% to RM1.3bil during the first nine months ended March 31. |
| Raja Datuk Seri Eleena Raja Azlan Shah ( Rank:25 th ) |
Gamuda Bhd | · Eleena -shareholder of the construction company - Gamuda Bhd. · Is the largest individual shareholder with 8.6% stake while Lin, who is also the company’s managing director, has 5.8% interest. · Gamuda is part of a concession that was awarded the double-tracking railway project in 2003. Its market capitalisation in the past 12 months has increased by RM4.85bil. |
| Datuk Mokhzani Mahathir ( Rank:28 th ) |
Kencana Petroleum | · Mokhzani, the son of former Prime Minister Tun Dr Mahathir Mohamad, owns Kencana Petroleum Bhd, which was listed last December. · Since then, the shares have appreciated some 334% from its listing price of 41 sen. Mokhzani is also involved in the distribution of Porsche cars in Malaysia. |
| Datuk Lin Yun Ling ( Rank:34 th ) |
Gamuda Bhd | · Shareholder of the construction company - Gamuda Bhd. |
| Tan Sri Liew Kee Sin ( Rank:35 th ) |
SP Setia Bhd | · His flagship company is one of the biggest property players in the country. · SP Setia owns several prominent property projects like Duta Tropika and Duta Nusantara at Sri Hartamas, Setia Alam and Setia Eco Park in Shah Alam, as well as Setia Tropika and Setia Indah in Johor. |
| Lee Swee Eng ( Rank:36 th ) |
KNM Group Bhd | · Founded KNM Group Bhd, an oil and gas company that has showed significant growth since its listing four years ago. · His wealth grew as KNM shares soared more than 778% from its listing price of RM1.48 per share. · He has about 32% interest in the company. |
| Tan Sri Khoo Kay Peng ( Rank:39 th ) |
MUI | · Khoo heads the MUI group that has interests in the Asia-Pacific, Australia and the United States. The conglomerate also holds the Malaysian franchise of notable British retailer Laura Ashley. |
If you found this post useful, keep updated with future posts by subscribing to FMAccounting (for free) through RSS or email.
Navigation
No Responses to “New Rich in Malaysia”
Please Wait
Leave a Reply