From billionaire to millionaire in less than four months

ABOUT nine years ago, KNM Group Bhd chief executive Lee Swee Eng (pic) was easily worth more than RM2bil on paper. That was the time when KNM, a manufacturer of process equipment for the oil and gas (O&G) industry, was the darling of the O&G run and in the news almost every week.

At its height in 2007, the company’s market capitalisation was about RM8bil. His stake of about 26% in the company propelled Lee into Malaysia’s billionaire list.