Forbes Magazine
5th February 2013
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 listed company that owns and operates NagaWorld, Cambodia’s biggest casino.
Since Chen debuted on our list of Malaysia’s Richest in 2009
with a net worth of $195 million, the share price of NagaCorp has gone
up by more than 500%, making it one of that exchange’s best performers
for the period.
Chen founded NagaCorp in 1995, the same year he obtained
70-year gaming license in Cambodia and a shorter monopoly on casinos
within a 200 kilometer radius of Phnom Penh (the monopoly expires in
2035). He listed the company in Hong Kong in 2006 after Singapore
rejected the listing and the stock price has been climbing ever since
(he still controls more than half of it). Between this year and last,
the share price doubled, partly on news that NagaCorp is expanding. In
November the company broke ground on Naga2, which they say will be done
in 2015. When it is, it will include new hotels, restaurants,
entertainment and shopping.
Chen also controls Karambunai, a Malaysia-listed
property developer and tourism company. Before NagaCorp, he headed an
aerospace company owned by the Malaysian government.
3 comments:
He is a government puppet agent money laundering on banana republic to illigit Nagacorp should be executed a broken doll definately no financial advisor. No sales back to Kampuchea Japon puppet regime.
Describe Chen Lip Keong.
Professionally,
* Claims and appears to be professional and ethical, but the opposite in actual dealings
* Integrity is a big concern. A great liar and pretender
* Runs businesses in the typical Chinaman's style - always be the decision-maker and controller across all matters within the organisation; holders of top and key positions tend to be his family members or relatives
* Swearing and scolding outloud is his very usual approach to employees. Eloquent with profanity
* Practises 'One- way Communication' with people. Self-opinionated, not a good listener. Tends to give orders only and always delegate/talk to people in a rude, sacarstic, or threatening way
* Unpleasant, unfriendly, inconsidrerate leader
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Personally,
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Since it is something personal, I'd leave the above list blank. But if I ever had a husband or father like him, it'd be a life time humiliation and disgrace.
Can't wait to celebrate his death
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