Genting International Cash Offer to British Casino

Answer to offer?

Stanley Leisure of Britain said it had agreed to a cash offer from Genting International to buy further 5.3% stake in the casino firm.


Genting International shares in Stanley Leisure

Subsidiary of Genting Bhd, Genting International now owned 30.5% of the shares in Stanley.


Stanley Leisure?

Stanley Leisure founder and chairman Leonard Steinberg built the group from a single betting shop in Belfast, Northern Ireland. He is the owner of the high end Crockfords casino in London's Mayfair district.


Other Genting International partner in Britian

London Clubs, nearly 30%-owned by Genting International. The casino firm now taken over by Las Vegas-based, Harrah's Entertainment.


That's all for now. Stay tune

Four Malaysians 40 Richest Men On Asiamoney List

Four businesspeople in our Malaysia's 40 Richest Men list made it to Asiamoney's list of 100 most powerful and influential people in finance and business in the Asia region.

The list

Leading the pack of Malaysians are Tan Sri Quek Leng Chan at 20th place in the list. He was currently rank 5th in our top 40 richest men list who is the executive chairman of Hong Leong Group. The list acknowledged Malaysian hotelier and commodities king Tan Sri Robert Kuok Hock Nien, at 57th place, as a self-made Chinese tycoon. Malaysia's 2nd richest, Ananda Krishnan at 90th place while YTL Corp, Tan Sri Francis Yeoh at 98th place.


Other Malaysian

Petroleum Nasional Bhd president Tan Sri Mohd Hassan Marican, 24th
CIMB Group CEO Datuk Nazir Razak, 29th
Bank Negara Governor Tan Sri Zeti Akhtar Aziz, 36th
Khazanah Nasional Bhd Datuk Azman Mokhtar, 38th


How they were ranked?

1. Ability to influence financial markets across Asia
2. Power to make make major strategic or portfolio investments
3. Ability to move market in a country
4. Impact they have on their country's economy
5. Their personality and potential as role models
6. Their relative importance to the sector in which they operate

That's all for now. Stay tune.

Malaysia 40 Richest Men

Welcome to Meet Malaysia blog. In our first posting, we will introduce briefly Malaysia's 40 richest businesspeople for this year. The top 40 list are as follow:

1. Tan Sri Robert Kuok Hock Nien - 83 RM20.55b(US$5.6b) Kuok Group

2. Tan Sri Ananda Krishnan -68 RM16.88b(US$4.6b) Usaha Tegas

3. Tan Sri Teh Hong Piow - 76 RM7.71b (US$2.1b) Public Bank Group

4. Tan Sri Lee Shin Cheng -67 RM7.52b(US$2.05b) IOI Group

5. Tan Sri Quek Leng Chan -65 RM7.34b(US$2b) Hong Leong Group

6. Tan Sri Lim Goh Tong -88 RM5.51b(US$1.5b) Genting Group

7. Tan Sri Yeoh Tiong Lay -76 RM4.01b(US$1.1b) YTL Group

8. Tan Sri Tiong Hiew King -70 RM3.85b (US$1.05b) Rimbunan Hijau Group

9. Tan Sri Syed Mokhtar AlBukhary -54 RM3.67b (US$1b) Albukhary Foundation

10. Tan Sri Lim Kok Thay -54 RM1.61b(US$440m) Genting Group

11. Tan Sri Azman Hashim -66 RM1.49b(US$405m) Arab Malaysian Group

12. Tan Sri Vincent Tan Chee Yioun - 54 RM1.30b (US$355m) Berjaya Group

13. Tan Sri Kua Sian Kooi -54 RM1.05b(US$285m) Kurnia Asia

14. Datuk Lim Wee Chai -48 RM770m (US$210m) Top Glove Corp

15. Datuk Anthony Fernandes -42 RM752m (US$205m) AirAsia

16. Datuk Vinod Sekhar -37 RM734m (US$200m) Petra Group

17. Tan Sri G. Gnanalingam -62 RM623.9m(US$170m) Westport

18. Kamarudin Meranun -45 RM605.6m(US$165m) AirAsia

19. Puan Sri Chong Chook Yew -84 RM532.2m(US$145m) Selangor Properties

20. Tan Sri Hamdan Mohamad -50 RM513.9m(US$140m) Ranhill Group

21. Tan Sri Jeffrey Cheah Fook Ling -60 RM458.8m(US$125m) Sunway Group

22. Tan Sri Mustapha Kamal Abu Bakar -57 RM440.4m(US$120m) MK Land

23. Datuk Abdul Hamed Sepawi -55 RM440.4m(US$120m) Ta Ann

24. Ahmayuddin bin Ahmad -50 RM422.1m(US$115m) Westport

25. Datuk Syed Mohd Yusof Tun Syed Nasir - 59 RM403.7m(US$110m) Southern Bank Berhad

26. Datuk Lee Hau Hian -53 RM367m (US$100m) Kuala Lumpur Kepong

27. Datuk Lee Oi Hian -55 RM367m (US$100m) Kuala Lumpur Kepong

28. Datuk Lee Soon Hian -49 RM367m (US$100m) Kuala Lumpur Kepong

29. Datuk Tiah Thee Kian -58 RM348.7m(US$95m) TA Enterprise

30. Tan Sri Tan Teong Hean -63 RM348.7(US$95m) Southern Bank Berhad

31. Datuk Lim Thian Kiat -57 RM348.7(US$95m) Multi-Purpose Holdings

32. Datuk Yaw Teck Seng -68 RM330.3m(US$90m) Samling Group

33. Datuk Lim Tong Yong -56 RM311.9m(US$85m) Pantai Group

34. John Chia Sin Tet -54 RM293.6m(US$80m) Unisem

35. Tan Sri Rozali Ismail -50 RM293.6m(US$80m) Puncak Niaga

36. Ong Leong Huat -62 RM275.3m(US$75m) OSK Group

37. Datuk Seri Lau ChoKun RM275.3m(US$75m) Malaysian Mosaics

38. Tan Sri William Cheng Heng Jem -63 RM256.9m(US$70m) LionGroup

39. Shaari Ismail -63 RM256.9m(US$70m) Puncak Niaga

40. Datuk Kasi K. L. Palaniappan -63 RM238.6m(US$65m) MK Land


Overall

According to our study, Malaysia 40 richest businesspeople are worth a
collective RM 95.4 billion (US$26b).This figure onlyhalf of world
richest man fortune, Bill Gates with the net worth of US $50 billion.
Amazingly, the nation's 9 billionaires account for a whopping 82% of
that RM 95.4 billion sum. The man at the top, Robert Kuok, has been
Southeast Asia's richest man for years. He has topped
Malaysian 40 richest men list for the third consecutive year.


Youngest & Oldest?

The average age in this 40 richest man list is 60 years old. Datuk
Vinod Sekhar with the age of 37 from Petra Group is the yougest of all.
Oldest in the list age 88 is Tan Sri Lim Goh Tong from Genting Group.


Women?

The only women in this list is Puan Sri Chong Chook Yew from Selangor
Properties who inherited her husband fortune after the death of her
husband.


Changes?

The most apparent changes of the list compare with previous year is
Public Bank Berhad's Tan Sri Teh Hong Piow and IOI Group's Tan Sri Lee
Shin Cheng overtake Hong Leong's Tan Sri Quek Leng Chan and Genting's
Tan Sri Lim Goh Tong. Quek Leng Chan and Lim Goh Tong used to be in the
top 4 together with Robert Kuok and Maxis's Ananda Krishnan.


Self made or inherited?

Tan Sri Teh Hong Piow and Tan Sri Lee Shin Cheng are first generation
who create the wealth themselves. Robert Kuok and Quek Leng Chan are
second generation. Which mean their father has earn the first million
and they inherited some wealth from their father.

That's all for the time being. In our next posting we will focus our
attention to Malaysia's richest man Robert Kuok so...stay tune to our
next post.