Tan Sri Quek Leng Chan of Hong Leong Group Malaysia built a good amount of his fortune in deals that were concluded outside the country.
By the 1980s, his business empire had included a controlling stake in Dao Heng Bank of Hong Kong, which he sold to Singapore’s DBS Bank for US$5.4bil (RM16.7bil) in 2001. At that time, the sale of Dao Heng Bank was valued at 3.5 times book value – the highest price ever paid for an Asian bank.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
