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Magnum : 2022 Corporate Governance Report

CORPORATE GOVERNANCE REPORT

STOCK CODE

:

. | April 20, 2023 ....

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No more cash crunch for WCE

Almost all issues that have plagued WCE's biggest project have been resolved. ....

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Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times

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KUALA LUMPUR Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes’ annual World’s Billionaires List.
The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world’s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion).
According to the
Forbes list, there are 16 billionaires in Malaysia, with Kuok listed under Hong Kong.
Next on the list is Hong Leong Group’s Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year. ....

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Forbes World's Billionaires 2021: Malaysia's super-rich sees surge of wealth amid Covid-19 times | Malaysia

Wednesday, 07 Apr 2021 11:15 AM MYT
BY DANIAL DZULKIFLY
‘Sugar King’ Robert Kuok is now the world s 171st richest man compared to his position of 141 in 2020. File picture by Mukhriz Hazim
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KUALA LUMPUR, April 7 Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to
Forbes’ annual World’s Billionaires List.
The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion). ....

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Fortunes lost, fortunes made

Malaysia’s super-rich, hard hit by the market following the outbreak of Covid-19, saw billions being wiped out of their fortunes. On the other hand, entrepreneurs involved in the making of rubber gloves minted more money, while new billionaires emerged from the tech manufacturing sector as shares of their companies soared in 2020.
THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector.
And if this may offer some consolation amid the plunging values of your retirement and savings accounts, some of Malaysia’s wealthiest individuals have lost lots of money too, a survey on Malaysia’s 40 Richest individuals for 2020 showed. ....

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