Donors: Finance $500 - $999. NagaCorp’s founder and chief executive Chen Lip Keong has been increasing his stake in the Cambodian casino operator and currently owns 66. Tan Sri Dr. Conflict of Interest9. 4. Tan Sri Lau Cho Kun – Diana Abraham. NagaCorp is also developing a casino resort in Vladivostok. He’d been to Malaysia’s Genting Highlands once on a date in the 1970s and visited Las Vegas once as. Mr McNally said the firm’s founder and chief executive, Chen Lip Keong, “being a medical doctor, certainly intends Naga[World] to set the bar high for the private sector in terms of best practices”. 15 billion). | March 30, 2023Each of these is the Hokkien rendering, reflecting the dominance of Singapore’s Hokkien community. When Chen Lip Keong won Cambodia's first casino license in 1994, he had hardly. S. Save as disclosed above, none of the Directors and Key Senior Management have any family relationship with any Director and/or major shareholder of the Company. Chen Lip Keong, owner of NagaCorp, and Genting Group boss Lim Kok rank sixth and seventh on Forbes' annual list of the richest Malaysians. Quek Leng Chan is the executive chairman of privately held Hong Leong Co. NagaCorp, a Hong Kong-listed company controlled by Malaysia’s Chen Lip Keong, has pulled the plug on a partly built casino and resort project in Vladivostok, Russia–at least for now. But the ratings agency noted that NagaCorp, operator of the NagaWorld. Chen Yiy Hwuan, Mr. He inherited part of his fortune from his father, one of. K. Tan Sri Dr Chen Lip Keong 執行董事、創辦人、控股股東兼高級行政總裁. Skip to main content. Chen Lip Keong’s three decades-plus of experience in business management will be invaluable in navigating Hong Kong-listed NagaCorp, the operator of the Cambodian casino resort NagaWorld, through the generally choppy waters faced by all gaming companies in Asia and beyond. Executive Director. In 2019 – prior to the onset of the Covid-19 pandemic – Naga 3 was being described as a US$3. Mr Chen Yiy Fon is the son of Tan Sri Dr. 11, US$2. The founder and current CEO of gaming operator NagaCorp has decided it’s time to relinquish some of his control. Others included two billionaires from the gaming industry – Lim Kok Thay, chairman of the Genting Group, and Dr Chen Lip Keong of the Naga Group, who holds a casino licence in Phnom Penh, Cambodia. He. NagaCorp, controlled by billionaire Chen Lip Keong, said Tuesday it’s aiming to raise $200 million by issuing additional debt notes to strengthen its balance sheet as the Covid-19 pandemic in. Chen Lip Keong (simplified Chinese: 曾立强; born 22 July 1948) is a Malaysian businessman with interests in integrated resorts, property and energy. Source Of Wealth. 11, US$2. Beliau diikuti oleh Tan Sri Quek Leng Chan dari Kumpulan Hong Leong, dengan AS$10. 1 million on April 28, 2016. NagaWorld is the. A subreddit for Malaysia and all things Malaysian. 4 billion and where he is the first casino company to be listed in Hong. Once inside, you can turn your creative ideas into reality. 5) Ananda. 10 percent of the company’s shares. Ir Jack Chan Weng Loon: NK Engineers Sdn Bhd: 03 7982 8867: 03 7981 7873: 012 221 2661: cwengloon@gmail. SubscribeSINGAPORE — For the past week, the legal fraternity has been abuzz with excitement over a paper by former chief justice and attorney-general Chan Sek Keong, which argued that Section 377A of the. 7, $3. Bhd and others for MYR 91. 8 billion. appointed three new chief executives, all sons of founder Chen Lip Keong, who now holds the title of senior chief executive. Authorities cite COVID concerns, but activists say the motive is to block labor reform. Pihak Forbes dalam satu kenyataan berkata, nilai kekayaan 50. Chen owns 69. Net worth: USD 2. KUALA LUMPUR: S&P Global Ratings expects NagaCorp Ltd's (Naga; B+/Stable. Nor is he a stranger to controversy. The entrepreneur won a contract to operate a casino in Phnom Penh in 1994. $3. Chen is not only the founder and controlling shareholder in NagaCorp, but he is Economic. and Edited by Wolfgang Franke and Chen Tieh Fan By Wolfgang Franke, Tiefan Chen Published by University of Malaysia Press, 1982; Item notes: v. The share price of Chen’s NagaCorp Ltd. Tan Sri Dr Chen Lip Keong: Age: 60: Nationality: Malaysian: Qualifications: Graduated in medicine and surgery from University of Malaya in 1973 (M. Chen Lip Keong owns NagaWorld, which is Cambodia’s biggest casino. The Malaysian-based private company, Ariston Sdn. Tan Sri Dr Chen Lip Keong，75歲，於二零零三年四月獲委任為本公司執行董事。Dr Chen為創辦人、控股股東、高級行政總裁，以及董事會轄下薪酬委員會、提名委員會及反洗黑錢活動監督委員會成員。 The three are sons of the founder Chen Lip Keong, who is being redesignated as “senior chief executive” with effect from Tuesday (April 5) . $320 M. $320 M. 5-billion scheme, with half the funding to come from NagaCorp’s founder and chief executive, Chen Lip Keong. However, there are several factors that affect a celebrity’s net worth, such as taxes, management fees, investment gains or. . Senarai terkaya Malaysia diteruskan dengan Tan Sri Lim Kok Thay dari Kumpulan Genting dan Tan Sri Dr Chen. Ho Siew Tian (alias Madam Qwee Lip Neo) passed away at the age of 77 at her residence, 47 Lorong 29 Geylang on 30 July 1948 at 9 pm, leaving behind her husband, Ho Siew Tian, 6 sons, 7. Bhd. Lim stepped down as chairman. Dr Chen is the founder, controlling shareh older and a member of the Remuneration Committee, the Nomination Committee and the AML Oversight Committee of the Board. Chen Lip Keong is a Malaysian billionaire who has a net worth of $1 billion. Chen Lip Keong, the Malaysian businessman who founded NagaCorp, has pledged to cover half of the construction costs from his own pocket, with the remainder to be raised by NagaCorp. He became a naturalized Cambodian citizen late last year, allowing him to own property. Business mogul and chairman of Usaha Tegas Ananda. 17 percent, NagaCorp stated. CHEN LIP KEONG ’s NagaWorld empire lives a charmed life. 1. The filing also noted that irrespective of market demand for NagaCorp’s proposed notes, the firm’s chief executive and executive director Chen Lip Keong will subscribe for “up to US$45 million” – measured by principal amount – in the new notes. The NagaWorld complex operates its two casinos — and a third, scheduled to open in 2025 — under the Hong Kong-listed company NagaCorp, which is registered in the Cayman Islands. Architectural contractor A. A screengrab from a video showing a man identified by unionists as Chen Yiy Hwuan, son of NagaCorp senior CEO Chen Lip Keong, throwing the phone of a striking employee to the ground outside NagaWorld casino on September 30, 2022. 4 billion; Lim Kok Thay; US$2. 4) Chen Lip Keong. 7 million from businessman and philanthropist, Tan Sri Datuk Dr Chen Lip Keong. 20 Oct 2010, 09:43 am Updated - 21 Aug 2014 08:36 pm. Chen Lip Keong has simplified the shareholding structure of his stake in the group for succession planning purposes. 2 billion: Usaha Tegas: 699: Koon Poh Keong Malaysia: 4 billion: Press Metal 1067: Chen Lip Keong Malaysia: 2. 2 billion), Tan Sri Lee Shin Cheng (IOI, US$5. KUALA LUMPUR: Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, with a 73. Inheriting a part of his fortune, his net worth stands at $10. “The basic framework is done for the financing of Naga 3,” Mr McNally told GGRAsia. He was appointed to the Board of. Among the hardest hit were casino moguls Chen Lip Keong (No. Tan Sri Dr Chen Lip Keong Chen Lip Keong (Photo: Facebook @GlobalGamingBusiness) The 9th richest man in Malaysia is our own casino tycoon, Chen Lip Keong! The Founder and CEO of the first casino company listed on the Hong Kong stock exchange, NagaCorp, Chen is valued at US$3. 50. Chen Lip Keong. Malaysia’s 7th richest person is the well-known Genting Group boss Lim Kok Thay. - Muhammad CohenWhen Chen Lip Keong won Cambodia’s first casino license in 1994, he had hardly ever stepped inside a casino. Lim’s assets include Empire Resorts, the parent company of loss-making Resorts World Catskills #7 Chen Lip Keong Net Worth: $2. #1349: Koon Poh Keong, USD1. Manufacturing. Chen (pictured, centre) is unlike other billionaire businessmen in Malaysia. Tan Sri Dr Chen Lip Keong Chen Lip Keong (Photo: Facebook @GlobalGamingBusiness) The 9th richest man in Malaysia is our own casino tycoon, Chen Lip Keong! The Founder and CEO of the first casino company listed on the Hong Kong stock exchange, NagaCorp, Chen is valued at US$3. His offer is for the remaining 1. The odds were certainly against him. (Adam. NagaWorld is just one foreign. S Malaya). 7 billion. 2 billion, Robert Kuok is the wealthiest person in Malaysia for 2021, followed by Quek Leng Chan with $9. 24 billion nearly flat from a year ago. 41% stake, intends to take Karambunai private in a deal worth an estimated RM184. KUALA LUMPUR – The cumulative wealth of Malaysia’s 50 richest people on the 2022 Forbes list fell 10% from a year ago to US$80. Actually, it’s the largest casino not just in Cambodia, but in Indochina. Tan Sri Dr. According to the Cambodia Daily, the elder Chen is “accelerating the family succession plan” with the “re-designation” of senior management. • Owns 65% of first gaming company ever listed in Hong Kong. 3 billion. Mr. Chen Lip Keong. . Ir Lim Lip Keong: Teroka Intan Sdn Bhd: 03 8061 9380: 03 8061 2210: 016 206 9683: [email protected] billion, is for Naga 3, a new phase for NagaWorld, though the firm’s chief executive, Chen Lip Keong, has pledged to provide half of the latter investment. But both men saw their wealth down by double digits of percent in the past 12 months: Mr. He is the sole owner of NagaWorld, which is Indochina’s most extensive casino and resort complex. 8 billion) Forbes noted that after rising 8. Last updated: 1 June 2023 at 11:00am EST Lip Keong Chen Net Worth Lip Keong Chen biography Tan Sri Dr. , Ariston Sdn. Chen Lip Keong, who trained as a medical doctor before turning to property development and gaming, becomes a billionaire for the first time on the stellar performance of NagaCorp, the Hong Kong. 8 billion. Usaha Sembako Kecil Kecilan. Casino tycoons on the list include Tan Sri Chen Lip Keong, who founded NagaCorp. NagaCorp, a Hong Kong-listed company controlled by Malaysia’s Chen Lip Keong that operates two casinos in Cambodia, announced last week that it is suspending work indefinitely on the planned Primorsky Entertainment Resort City project in Vladivostok, Russia, “until the circumstance is clearer". Dr. Michael Lai Kai Jin. Adam Dean for Forbes This story is part of Forbes’ coverage of Malaysia’s Richest 2023. They have. Ananda Krishnan (Astro, US$6. 1 billion: Hong Leong Capital: 511: Ananda Krishnan Malaysia: 5. 4 billion) last year to US$81. In 2022, Chen is the 7th richest. Kim. 4 billion or RM14 billion) and Lim Kok Thay (No. Chen Lip Keong – $2. Visit myFOCUS to see your saved articles and the topics you follow, and to update your profile. A statement said it was "not in the public interest" to list the company. KUALA LUMPUR: Ipoh-born Tan Sri Dr Chen Lip Keong is no stranger to the business world. B. In 1994, as efforts were still under way to bring peace to Cambodia after years of civil war, the former medical doctor from Malaysia put in a bid to open a casino in the country. Chen Lip Keong also owns Karambunai, a Malaysian company in the real estate and tourism business. Chen Lip Keong; US$2. Tan Sri Datuk Seri. B. A property in a poor country like Cambodia with steady appeal to Chinese gamblers should be in dire straits, caught in a pincer between coronavirus transmission in a nation with limited medical resources and Beijing’s threats to Chinese gamblers and casinos that host them. View the profiles of people named Chen Lip Keong. Lim Mun Kee and Mr. CLAIMS TO FAME • Majority shareholder in NagaCorp, the first casino company listed in Hong Kong • Naga holds 70-year license with a 40-year monopoly to 2035 in Cambodia’s capital, Phnom Penh. 8 billion: NagaCorp: 1067: Lee Yeow Chor & Lee Yeow Seng Malaysia: 2. Chen Lip Keong. for the regulation of casinos and the prevention of money laundering". Booming growth at Chen’s NagaWorld casino complex in Cambodia, prior to the. The businessman also controls. The Company owns and operates the largest integrated gaming and entertainment resort in the Mekong Region. Mr Chen Yiy Fon is the son of Tan Sri Dr. 2) Quek Leng Chan; US$10. KUALA LUMPUR: Karambunai Corp Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong, with a 73. He has now. He owns NagaWorld, which is the largest casino resort in. 4 billion, and he has made his money from the gambling industry. 2 billion. Foremost, there’s the “Eastern point of Russia,” within reach. In a. Chen Lip Keong, the chief executive of NagaCorp has personally contributed more than 15 million dollars to purchase and acquire vaccinations for the country. Forbes Billionaires 2022: The Top 10 Malaysians on the List | Tatler Asia. appointed three new chief executives, all sons of founder Chen Lip Keong, who now holds the title of senior chief executive. appointment of chen cherchi as chief executive officer - finance and treasury. Image via AGB Archive . com: GBICxS/0018: Ir Mohd Fadzil bin Ahmad. B. Dr. Dr. About Us; The Team; Advertise with Us () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()More on Forbes: Casino Billionaire Chen Lip Keong Places Bets On Russian Expansion. Tại Đông Nam Á, Ông Chen Lip Keong cũng đề cao sự phát triển và lớn mạnh của thương hiệu BK8. 35 billion 10) Lau Cho Kun;. 10 Người Giàu Nhất Malaysia Năm 2020. 4 NagaCorP ltd. The commentary was given to GGRAsia by Adam Steinberg, advisor to Hong Kong-listed NagaCorp’s founder and chief executive Chen Lip Keong. View the profiles of people named Chen Lip Keong. VIEWS. The Malaysian founder of Phnom Penh’s only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. Tan Sri Dr Chen Lip Keong Chen Yiy Fon Michael Lai Kai Jin Company Secretary Lam Yi Lin Authorised Representatives Philip Lee Wai Tuck Lam Yi Lin Independent Auditor BDO Limited Solicitors Ashurst Hong Kong (as to Hong Kong Laws) Principal Banker CIMB Bank. In 2019 – prior to casino-sector trading worldwide being severely disrupted by the Covid-19 pandemic – Naga 3 was being described as a US$3. . The group is also constructing a casino resort at Primorye in the Russian Far East; and wants to develop a US$350-million non-gaming resort near the UNESCO. Instead he struck gold in quite a different business. According to Forbes, Malaysia’s 8th richest person is the well-known Genting. AGB PODCASTS. 55 billion). Chen Yepern, Mr. Tan Sri Lau Cho Kun. . , Fourth. Chen Lip Keong. because of concerns over the company's lack of "legal and supervisory framework. 9k. He is a qualified medical doctor. Although he may cruise under the radar of many, the old hand has been in the corporate business since the mid-1970s, where he started out in property development. 5 billion, is ranked by Forbes magazine as Malaysia’s fourth-richest billionaire. With a net worth estimated to be about US$180. Tan Sri Koon Poh Keong and his siblings, who control aluminium giant Press Metal Aluminium Holdings Bhd, remained in the third position with US$6. in 1979 and listed it on the main market of Bursa Malaysia in 1992. 24 billion nearly flat from a year ago. NagaCorp was founded by Lip Keong Chen in 1995 and is headquartered in Hong Kong. Lau Cho Kun / Nagacorp S Chen Lip Keong Wtk S Wong Kie Chie Pmb Tech S. Tan Sri Dr. The Nomination Committee currently consists of two executive directors, namely, Tan Sri Dr Chen Lip Keong and Mr. 3 Billion ; Wong Kie Chie – USD 1. H. FOUNDER, CONTROLLING SHAREHOLDER AND CEO NagaCorp. Chen Yiy Fon, Mr. . 76% of issued share capital, 789,534,854 shares indirectly held by him. Malaysian casino tycoons Dr Chen Lip Keong and Tan Sri Lim Kok Thay saw their wealth fall over the past 12 months, although both still managed to climb higher on the Forbes list of Malaysia’s Richest 50 for 2022. Chen Yepern, and three independent nonexecutive directors, namely, Tan Sri Datuk Seri Panglima Abdul Kadir Bin Haji Sheikh Fadzir, Mr. Two of 10 richest billionaires in Malaysia from gaming industry. 5 billion (est. Chen Lip Keong, the chief executive of NagaCorp has personally contributed more than 15 million dollars to purchase and acquire vaccinations for the country. Saturday, 09 Nov 2019. Chen Lip Keong transfers controlling stake in NagaCorp to family trust. The bank was started in 1966 by Teh Hong Piow. comView the profiles of people named Michael Chen Lip Keong. company, owned by Malaysian Chen Lip Keong, on its exchange. , a Commercial Director at Primorsky Entertainment Resort City LLC and an Executive President at FACB Industries Inc. 6 billion coming in second and Koon Poh Keong with $6. The idea of the President’s Scout Award (PSA) for. 76% of issued share capital. POWER SCORE 1,234 LAST YEAR 20 NagaCorp took a great leap forward with November’s soft opening. And Philip Ang See Wealth Fall As Global Headwinds Hit. Chen Lip Keong and Puan Sri Lee Chou Sarn. A 2017 leaked text message by Chen Lip Keong, NagaCrp's chief executive officer, revealed to his close business ties with the wife and children of Prime Minister Hun Sen and the sons of Sok An. Also Known As Tan Sri Dr Chen Lip Keong, Chen Lipkeong; Lipkeong Chen is the Founder, CEO and Executive Director of NAGACORP. Oon) (1898–1979) – pioneering female. 8 billion. He is on the Board of Directors at Nagajet Management Ltd. NagaCorp, a Cambodian casino operator controlled by Malaysian businessman Chen Lip Keong, has raised HK$715 million in its Hong Kong initial public offering after pricing its shares at the middle. The three are sons of the founder Chen Lip Keong, who is being redesignated as “senior chief executive” with effect from Tuesday (April 5) . Facebook gives people the power. NAGACORP LTD. Chen is the chief executive officer and founder of Hong Kong listed. His eldest son, Chen Yiy Hwuan, 42, will become CEO of hotels, Chen Yiy Fon, 41, (a board member since 2015) CEO. And founder of NagaCorp Chen Lip Keong at the IPO press. In 2021, hundreds of workers faced heavy crackdown for participating in a three-month strike in front of NagaWorld casino owned by Malaysian billionaire Chen Lip Keong, over better severance packages for layoffs due to the pandemic. Avec notre partenaire Cambodia Investment Review. It has belatedly been revealed that singer Kim Kwang Seok’s only daughter and heir to his vast fortune, Kim Seo Yeon, passed away 10 years ago. 359K subscribers in the malaysia community. A Cambodian court heard opening statements on Tuesday in a case against members of a union fighting for better pay and working conditions at the NagaWorld Casino. That, in turn, led to a workers’ strike that is still causing issues today. Bhd. To begin this process, please key in your 12-digit NRIC No. Chen Lip Keong came to Cambodia 25 years ago to drill for oil. 67 million. He is the founder and CEO of NagaCorp – a company. NagaCorp, operator of NagaWorld in Phnom Penh, Cambodia, announced late Friday that Dr Chen has transferred 1,943,107,166 shares directly held by him and representing 44. Dr. KUALA LUMPUR: S&P Global Ratings expects NagaCorp Ltd's (Naga; B+/Stable. Industry Hotels, Restaurants & Leisure Founded 1995 Country/TerritoryThe Founder, Controlling Shareholder and CEO of NagaCorp, Dr Chen Lip Keong, has transferred a controlling stake in the company to his family trust. TAN SRI DR CHEN LIP KEONG. 2 billion), Tan Sri Dr Chen Lip Keong (NagaCorp, RM12. Seven from last year’s list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Moving on, the fourth richest Malaysian is Public Bank founder and chairman, Teh Hong Pio with a net worth of RM25 billion and number 5 is Ananda. Did you. With this donation, the RDF can now extend its support to patients with the rare disease of Mucopolysaccharidosis type VI (MPS VI)*. 7 billion 8) Tan Yu Yeh dan Yu Wei; AS$2. 5 billion)," reported Forbes Asia. Tan Sri Dr Chen has more than 30 years of corporate, managerial. 6 Billion ; Lee Yeow Seng – USD 1. 54 billion shares or 23. Malaysian Casino Billionaire Strategizes Succession as Tourism Rebounds: NagaCorp’s Story Introduction: The global tourism industry has faced unprecedented challenges in the wake of the COVID-19 pandemic. 4 Billion With a net worth of $2. Seven from last year’s list dropped out, notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun, as the ongoing pandemic dimmed hopes of a revival in travel. Chen credits his own success to his father and “best mentor,” Dr. Source Of Wealth. Tan Sri Lau Cho Kun, a relative of late Tan Sri Lau Gek Poh, the founder of the Hap Seng Group, is the company’s largest shareholder. Tan Sri Dr. Immediately before the Share Transfer, the Trustee indirectly held 110,578,000 Shares The Nomination Committee currently consists of two executive directors, namely, Tan Sri Dr Chen Lip Keong and Mr. Ranked #7 in Malaysia's 50 Richest in 2018. Tan Sri Dr Chen Lip Keong Lim Mun Kee Leong Choong Wah AML Oversight Committee Timothy Patrick McNally (Chairman) Tan Sri Dr Chen Lip Keong Chen Yiy Fon Michael Lai Kai Jin Company Secretary Lam Yi Lin Authorised Representatives Philip Lee Wai Tuck Lam Yi Lin Independent AuditorHong Kong listed NagaCorp, controlled by Malaysian billionaire Chen Lip Keong, says it will invest $350 million in a hotel casino complex with at least 100 tables and 500 machines, plus convention. 8 billion. Ipoh-born Tan Sri Dr Chen Lip Keong is no stranger to the business world. appointment of chen yiy fon as chief executive officer - operations. The gaming billionaire is also featured on the cover of the latest issue of. (Malaysia), which has interests in finance, food and property. Chen Lip Keong; $2. 옹기종기 모여 있는 크고 작은 크메르 전통의 종교 사원들 사이로 펼쳐진 스카이라인의 아름다움을 고객들과 함께. 717 6. KARAMBUNAI Corp Bhd’s controlling shareholder, Tan Sri Dr Chen Lip Keong, has tabled a 11 sen cash offer to take the company private. Chen Lip Keong ( simplified Chinese: 曾立强; born 22 July 1948) is a Malaysian businessman with interests in integrated resorts, property and energy. NagaCorp, controlled by billionaire Chen Lip Keong, said Tuesday it’s aiming to raise $200 million by issuing additional debt notes to strengthen its balance. Chen Lip Keong, founder of NagaCorp, was classified as the 7th richest individual in the nation, with a net worth of $2. Chen and Dr. Dr. 4 billion, Chen Lip Keong is Malaysia’s 7th richest person . 4bn, he was named Malaysia’s ninth richest person in 2021. 5 million or 51% of warrants he does not own in the hospitality and industrial group, in a deal worth about. NagaWorld, which debuted twin tower. Mr Chen is the controlling shareholder and senior chief executive of NagaCorp. and Edited by Wolfgang Franke and Chen Tieh Fan By Wolfgang Franke, Tiefan Chen Published by University of Malaysia Press, 1982; Item notes: v. Supplied PHNOM PENH - Philanthropist billionaire (Forbes 2019 USD 5. Lip Keong Chen biography Tan Sri Dr. Donors: Finance $50 - $499. The magazine, which calculates the wealth of individuals using company data, published a list of the 50 richest Malaysians in its March edition. Lim Kang Hoo – 19th richest person in Malaysia, as of 2014. Tan Sri Dr. Last updated on: March 11, 2022, 01:32h. Dr Chen is also a director of. Dr Chen is also a director of several wholly-owned. Nor is he a stranger to controversy. NagaCorp Company Stats. appointment of cheung king man to chief financial officer. The Founder, Controlling Shareholder and CEO of NagaCorp, Dr Chen Lip Keong, has transferred a controlling stake in the company to his family. 8. Malaya) Working experience and occupation : Tan Sri Dr Chen has more than 30 years of corporate, managerial and business experience since 1976. " Seven from last year's list dropped out , notably the AirAsia duo, Tony Fernandes and Kamarudin Meranun , as the ongoing pandemic dimmed hopes of a. Some industry observers question the scale of Naga3, adding some 3,500 guest rooms, 700 tables and 2,000 gaming machines. Nickel Asia’s Manuel Zamora Jr. The top 10 richest in Malaysia are: 1) Robert Kuok; US$11 billion. The dramatic events marked the latest escalation in a strike that has resulted in the arrest of 30 people, nine of whom have been charged with “incitement to commit a felony”, since it began. VIEWS. Join Facebook to connect with Chen Lip Keong and others you may know. NagaCorp’s founder and chief executive officer, Chen Lip Keong, a Malaysian billionaire who became a naturalized Cambodian citizen in 2020, owns a 66% stake in NagaCorp through two wholly-owned funds, ChenLipKeong Fund Limited and ChenLipKeong Capital Limited, both of which are registered in the Cayman Islands. 7 billion), T. 21 • No. 9, US$3. com: GBICxS/0013: Ir Wong Choong Yee: EAB Consulting Engineers Sdn Bhd:. Mrs. 55 billion). NagaWorld is just one foreign. Chen Lip Keong, Founder, Controlling Shareholder and Senior Chief Executive Officer of NagaCorp, said: “NagaCorp's outstanding achievements are a testament to our ongoing robust investor relations communications and engagements with the global investing community, despite very challenging times for the hospitality and. B. With this donation, the RDF can now extend its support to patients with the rare disease of Mucopolysaccharidosis type VI (MPS VI)*. Director at NagaCorp. For nearly two months, aggrieved Cambodian casino workers have protested almost daily in central Phnom Penh against mass layoffs implemented last year by the Hong Kong-listed NagaCorp, a business majority-owned by Malaysian billionaire Chen Lip Keong that runs Cambodia’s NagaWorld casino complex. Chen Lip Keong’s NagaWorld holds a casino license in Cambodian capital Phnom Penh running to 2065, with a guaranteed monopoly to 2035. Koon Poh Keong is a founding member of Press Metal Aluminium Holdings Bhd and has been its CEO since the company’s listing on Bursa Malaysia in 1993. Tan Sri Koon Poh Keong and his siblings, who control aluminium giant Press Metal Aluminium Holdings Bhd, remained in the third position with RM27. NagaCorp holds the only license to operate casinos in the Phnom Penh region until 2045. 2021: Corporate Awards: In March, the company’s NagaWorld Kind Hearts ESG initiatives won four Stevie Awards at the 17th Annual International Business Awards. Ching Chiat Kwong from Oxley stole the thunder. See Lip Keong Chen's compensation, career history, education, & memberships. Although he may cruise under the radar of many, the old hand has been in the corporate business since the mid-1970s, where he started out in property development. Chen Lip Keong has a net worth of $3. [+] This story is part of Forbes' coverage of Malaysia’s Richest 2018. Tan Sri Chen Lip Keong; US$2. Puan Sri Lee Chou Sarn is the spouse of Tan Sri Dr. ^ Jump up to: a b c. Chen and Dr. 2021 INTERIM REPORT 5Chen Lip Keong - businessman and casino owner of NagaWorld. The colleagues of Chou Sarn Lee.