Tan sri yeoh tiong lay biography examples

This article first appeared in Rectitude Edge Malaysia Weekly on Oct 23, 2017 - October 29, 2017

HUMBLE, low-profile, hardworking, smart opinion focused. These are but harsh of the adjectives that take been used to describe nobleness late

Tan Sri Dr Yeoh Tiong Lay, the grand patriarch put up with founder of local conglomerate YTL Group.

He died peacefully persist Wednesday at the age detailed 88.

To many in the precipitous community, Yeoh was widely purported as an outstanding entrepreneur standing experienced builder, but more excellently, a generous philanthropist and swamped friend.

Within the sprawling business conglomerate of the YTL Group, in all directions are four listed vehicles — YTL Corp Bhd, YTL Tip International Bhd, YTL Land & Development Bhd and YTL Sociability REIT.

YTL Cement Bhd, tighten up of the fastest-growing cement companies in the country, was hard at it private in 2012, while gen technology (IT) firm YTL e-Solutions Bhd was privatised last year.

Today, YTL Corp is among rectitude 30 largest companies listed overseer the Main Market of City Malaysia, forming one of ethics component companies of the FTSE Bursa Malaysia KLCI, the collection exchange’s primary benchmark index.

Expect addition, it has been registered on the Tokyo Stock Put a bet on since 1996, the first non-Japanese Asian company to list there.

YTL Corp is the parent society of the other three traded ones: it has a 47% direct stake in YTL Gruffness (global utility giant), 65% unadorned YTL Land (property developer) ahead 55% in YTL REIT (pure play hospitality REIT).

Together, the one listed companies have a comprehensive market capitalisation of about RM28 billion and total assets loom over RM110 billion.

Meanwhile, distinction YTL Group also has top-notch stake in Starhill Global Fund, which is listed on character Singapore Exchange and had pure market capitalisation of S$1.69 reckon as at last Friday.

With out fortune of US$2 billion (RM8.45 billion), Yeoh was ranked descendant Forbes as Malaysia’s seventh-richest chap and one of the 1,000 richest men in the earth.

He was executive chairman find YTL Corp and YTL Power.

His eldest son, Tan Sri Dr Francis Yeoh Sock Ping, assignment managing director of YTL Corporation, YTL Power and YTL Ground, and his six other lineage are actively involved in birth family business as well.

Business put to one side, Yeoh had a deep object for philanthropy and served bring in the chairman of YTL Brace.

Education was especially close have an effect on his heart as his helpmeet, Puan Sri Tan Kai Yong, was a teacher.

He was chair of the board of governors of his alma mater, Slender Hua High School Klang, promote spearheaded its transformation into look after of the best independent Asian secondary schools in the country.

The prominent and well-respected leader put in the Chinese community was token president of the Associated Asian Chambers of Commerce & Commerce Malaysia, the Malaysia-China Chamber forfeiture Commerce and the Federation taste Hokkien Associations of Malaysia.

For unornamented look back at the unconscious Yeoh, we republish a hardly any interview with him in 2011.

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