Thursday, 26 September 2013

Tan Sri Quek Ling Chan 's Background and how he build and develop his business.

Tan Sri Quek Ling Chan           

Tan Sri Quek Ling Chan born in 1944. He is a Malaysian tycoon who co-founded Hong Leong Group Malaysia. He is one of the richest men in Malaysia with an estimated net worth of US$2.9 billion according to Forbes in 2007.Tan Sri Quek Ling Chan studied in Victoria School in Singapore and is qualified as a Barrister-at-Law from Middle Temple, United Kingdom. After he enters and work in his father's company, He has extensive business experience in various sectors, including financial services, manufacturing and real estate.

In 1970 middle, Tan Sri Quek LIng Chan started to manage the Hong Leong company. Under the strategy of "procured to annex company" that he strategy and empress of "renewed through own efforts, continuously set up company" in early days expected, the business of the company was developed with astonishing speed. In 1982, Quek Ling Chan acquired Dao Heng Bank in Hong Kong. It bought another Hong Kong lender, Hang Lung Bank, in 1989 and merged the pair a year later. In 2001, He sold Dao Heng to Singapore's DBS Group for US$5.9bn at 3.5 times book value, still considered one of the most expensive banking deals in the territory. Afterwards, Tan Sri Quek Ling Chan and then alienated Malaysia Southern Asia incorporated company in the publisher by RM 230,000,000 again caused a sensation Southeast Asia, became the front page news that medium and each big newspaper were crazy to turn at that time. For many times successful capital operation, Hong Leong companies grow up to have the company of outstanding management ability for Malaysia highest rank, Quek Ling Chan as well become enjoy high prestige Southeast Asia of management type entrepreneur. Conduct a management in a few decades of company in, Quek Ling Chan expert at developing and renewing through own efforts, the business enterprise spirit of many a pickle makes a Mickle. While taking over Hong Leong company, just a trading company and three small Factories, the capital are limited, the business measures also equally limited. But after Quek Ling Chan upheld the management of the company, he chooses to have The profession that develops the prospect and increases to establish several trading companies and starts several factories. When these companies and factory started although the scale isn't big, in order to cater to the need of the market, the business is all very outstanding, consequently development became quicker.


At the same time, Quek Ling Chan is extremely good at attract on a talented person, and uses the person's bureau chief. This is because Quek Ling Chan 's oneself is just much a widely reads of the executive, he know a deep talented person is the source of business enterprise development power and also is the first capital for a business enterprise. He realizes a whichever brilliant decision maker, its individual 's talent can be always limited, therefore we must attract talented person and use talented person, so as to make the Business enterprise obtains greater more successful. Quek Ling Chan uses a person properly, the employee's aggressive got full exertion and made Hong Leong Company like fish let into water, with might greatly increase, quicker whole development step.


Quek Ling Chan still take to set up a business enterprise image seriously in the management and expands corporate culture. He knows modern business enterprise image to occupy in the international competition of more and more important position, therefore the image that pretty much pays attention to set up a business enterprise expands corporate culture and emphasizes outstanding business enterprise image five ideas to the branch:

1. Manages consciousness of the image;

2. Intention of service image;

3. The idea of product image;

4. The idea of advertisement image reads;

5. The idea meeting of corporate culture image.

The current Hong Leong group has already developed to become one of The Malaysia Top Five descendant international group companies. In addition, The Hong Leong Company also set foot in trade, report industry and dining industry, own the large transnational corporation of 14 listed companies in the world

Quek Ling Chan's business develops most amazingly fast is in 1994, Anwar Ibrahim is the minister of finance of Malaysia of.The Hong Leong in that time still owes a bank license in Malaysia. Malaysia government stops sending out new bank license in the 60's in the last century, acquire bank card management, only depend to purchase. Quek Ling Chan already acquainted with with Anwar Ibrahim, he through Anwar Ibrahim to help him to persuade the MUI Finance Bhd, from Khoo Kay Peng to sell the bank to Hong Leong. Finally, MUI Bank was subsequently renamed the Hong Leong Bank and was publicly-listed in October 1994. After getting a bank license, Tan Sri Quek Ling Chan always develop his company and till in Hong Kong. Therefore, Hong Leong in Hong Kong changed the name to Guoco Group for differentiating with Hong Leong In Malaysia in 1991. Quek Ling Chan totally owns 12 listed companies in Malaysia and Hong Kong ground, the scale matches in excellence three well company's agencies in Japan. That time, Quek Ling Chan 's achievement has already outstripped uncle's Quek Fang Feng's household.

However, in October, 1997, Asian financial turmoil makes the economy of Malaysia be subjected to serious wound, Malaysia carries out exchange more control in the second year. This is undertaken fights to the Hong Leong group heavy. But the most seriously is Quek Ling Chan support Anwar Ibrahim at political, Anwar Ibrahim be recalled by Fourth Prime Minister Tun Dr. Mahathir Mohamad and serve prison term, Quek Ling Chan 's situation suddenly becomes steep. In 1999 merger, Malaysia government issues order to chase a whole country 36 banks, it can only remain six low predominant bank, in the middle have no the name of Hong Leong. Hong Leong bank and Hong Leong finance that has already owned 160 branch offices' facing is annexed by force of circumstances.

It has been in many ways made great effort and finally China industry and business chairman Lin Yuan De of the headquarter of Kuala Lumpur talked with Fourth Prime Minister Tun Dr. Mahathir Mohamad, put forward Hong Leong desire to become predominant one matter of the bank. After being tortuous, Malaysia government declares and extends into ten predominance bank, Hong Leong bank impressively in the list inside, make Quek Ling Chan safely through a destined disaster.

Quek Ling Chan 's living is very mysterious in a low-key way, hardly exposing. On the public affairs, he is Hong Leong's tallest decision person and has also been a chairman of 12 listed companies in Malaysia and Hong Kong. Nowadays, the Hong Leong company business are trending much from three younger brothers, Quek Ling Hai, Quek Ling Shan and Quek Leng Cheng appears in publicly to manage. Among three of them, Quek Ling Hai is most subjected to eldest brother Quek Ling Chan to trust him. Therefore, Quek Ling Hai is a main responsibility to Hong Leong Bank in Malaysia and Dao Heng bank in Hong Kong.

Nowadays, the Hong Leong has already become one of the Asian biggest Chinese company financial groups, underneath totally have 110 international hotels, spread all over Asia, Oceania, Europe and the United States, the total guest room number reaches to 30,000. Its business widely goes to Pacific Asia region, Europe and North America, the core business is a real estate to invest development, hotel management and finance service, trade and industry, electronic commerce. The Hong Leong group has already become the mark pole of Singapore business enterprise





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