Here’re Malaysia’s Richest Men In 2017 And How They Got There

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Image Credit: I3investor on Blogspot

His company Hap Seng Consolidated Berhad has its hands in quite a few industries. This is why while palm oil prices were majorly hit, Hap Seng Consolidated still enjoys a decent property standing, which helped surge Lau Cho Kun’s personal worth up with his company’s as well.

One that many Malaysians would be familiar with is the sale and distribution for Mercedes-Benz vehicles in Malaysia—a distribution right that they’ve held for 4 decades now.

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Since 2016, Hap Seng has since consolidated its commercial vehicles business into Lei Shing Hong, a Hong Kong-based holding entity, because it’s less exposed to the currency fluctuation.

Even though it hasn’t been traced by financial analysts since 2012, Hap Seng Consolidated has returned almost 400 per cent to investors in three years.

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