Mi Equipment Holdings Bhd group CEO & executive director Oh Kuang Eng.
THE Top 40 Richest in Malaysia list for 2020 saw the entries of new tech billionaires from five companies, as they became beneficiaries of the China-United States trade tensions as well as a Covid-19 pandemic-induced electronic equipment demand surge, as lockdowns forced people to work from home.
Net worth is computed based on the closing share price of the companies as at Dec 31,2020.
It is worth noting that Penang is the base for four of the five new tech companies on the list, with the exception of Melaka-based D&O Green Technologies Bhd
Thursday, 14 Jan 2021 09:02 PM MYT
BY R. LOHESWAR
Tan Eng Kee (right) during Greatech Technology Berhad’s listing on the ACE market of Bursa Malaysia June 13, 2019. Picture from Facebook/ Greatech Technology Berhad
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KUALA LUMPUR, Jan 15 Tan Eng Kee never imagined he would become a billionaire after losing his father at age 13 but was now the country’s latest member of the exclusive club courtesy of his company, Greatech Technology’s listing in 2019.
Forbes reported today Greatech which produces industrial automation equipment for a variety of different manufacturers saw its shares jump 330 per cent in the past year, propelling Tan into the billionaires club with a net worth of just over US$1 billion (RM4.04 billion).