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Topic: Kwek Leng Beng

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	The Standard - China's Business Newspaper
		Kwek, a sports cars enthusiast who owns a Porsche, a Ferrari and a Maybach 57, inherited wealth from his father and used it to expand the family's property and hotels business.
		Kwek trained as a lawyer in London and joined the family firm in the 1960s before becoming Hong Leong's chairman in 1990 under his father's watchful eye.
		Kwek's forthrightness set him apart in corporate Singapore, crowded with state-linked firms led by former civil servants who are cagey about expressing their opinions.
	www.thestandard.com.hk /news_detail.asp?pp_cat=48&art_id=18499&sid=7806442&con_type=1&d_str=20060512 (878 words)

	Kwek Leng Beng - Wikipedia, the free encyclopedia
		Kwek Leng Beng was trained as lawyer in London, but chose to join the family business in the early 1960s.
		Kwek Leng Beng is a member of the Board of Trustees of the Singapore Management University.
		Kwek oversees the Singaporean operations of the Hong Leong Group while his cousin and fellow billionaire Quek Leng Chan oversees the Malaysian.
	en.wikipedia.org /wiki/Kwek_Leng_Beng (382 words)

	www.channelnewsasia.com : NDP 2001
		Kwek Leng Beng of the Hong Leong Group has turned his family-run company into a successful, professionally managed ISC.
		He delayed the opening of Leng Beng's restaurant by more than a month because he was not happy with the décor and service.
		Leng Beng had to redo the décor and the toilets.
	www.channelnewsasia.com /cna/ndp2001/rally_en8.htm (1135 words)

	MercuryNews.com \| 06/20/2006 \| Rebound turns `ghost buildings' into hotel, offices
		Kwek's City Developments, Singapore's second-largest developer, also bought the 42-floor Exchange Tower, a downtown office block formerly called the Pornpat Tower, which was abandoned about 90 percent complete in the late 1990s.
		Kwek and his partners purchased the Hilton building for 960 million baht.
		Kwek said he's looking to buy more buildings in Bangkok and cities such as Chiang Mai.
	www.mercurynews.com /mld/mercurynews/business/14859241.htm (793 words)

	Leng Beng stays bullish as One Shenton snapped up
		Mr Kwek was speaking at the soft launch of CDL's latest residential development - One Shenton - where at least 70 per cent of the 341 apartments were snapped up at a preview last night, mainly by investors who purchased entire floors, sources said.
		Instead, Mr Kwek said that he would rather sell the two-tower development to individuals for between '$1,500 to over $2,000 psf' because 'they have been queuing up and knocking on our doors.
		Still, Mr Kwek revealed that he has ambitious plans to buy the whole urban block that One Shenton sits on, which includes Shenton House and UIC Building.
	www.asiabuilders.com.sg /asiabuilders/2006/AB_singlenews.asp?rec_code=8903 (469 words)

	Kwek Leng Beng & family, The World's Richest People - Forbes.com (Site not responding. Last check: 2007-09-16)
		His Millennium & Copthorne runs a chain of 90 hotels in 21 countries including the Millennium Resort Scottsdale McCormick in Arizona and the JW Marriott Hong Kong.
		Announced in December 2005 that he would partner with the Las Vegas Sands Corporation to bid for the first casino in Singapore; pulled out a month later and said the decision was due to "some requirements associated with the bid." His cousin Quek Leng Chan is also a billionaire.
		The red disc indicates Kwek Leng Beng & family
	www.forbes.com /lists/2006/10/ZI6D.html (152 words)

	ACE - Action Community For Entrepreneurship (Site not responding. Last check: 2007-09-16)
		KLB: I think the issue is not whether you are a self made entrepreneur but rather if you have the attributes of an entrepreneur.
		KLB: It is my nature to like mega deals and I don’t think I can satisfy my dreams if I were to start all on my own.
		KLB: I would advise them not to be overconfident and overstretch themselves by expanding too quickly.
	www.ace.org.sg /News/past_features.asp?ID=22 (2873 words)

	ehotelier.com
		Kwek may own 88 hotels on four continents today, but he is still fondest of his maiden King’s because he saw its development through from scratch, having bought the land where it sits on for S$980,000 in 1968.
		THE billion-dollar Hong Leong empire straddles the Causeway and is headlined by Kwek Leng Beng in Singapore and his cousin Quek Leng Chan in Malaysia.
		Tan Sri Quek Leng Chan was born a Kwek but — unlike his brothers Kwek Leng Hai and Kwek Leng San — had his surname misspelled by the midwife who registered his birth.
	www.ehotelier.org /browse/tellafriend.php?id=3589_0_11_0 (692 words)

	Kwek Leng Beng, Among Singapore's Three Richest Persons, Spearheaded the 543 room Millennium Hilton Hotel Development ...
		Mr Kwek, who is ranked among Singapore's three richest men with nearly US$4.5 billion in assets as estimated by Forbes magazine, said he saw Thailand as a good long-term investment destination, despite the small problem that the country was witnessing from anti-Singapore sentiment.
		Mr Kwek said the company had made more than $200 million in equity investments in various projects in Thailand.
		Purchased from an asset-management company after having being abandoned by its former owners, the 543-room, 32-storey hotel was redesigned as a five-star complex, marking CDL's first entry into the hotel segment in Thailand.
	www.hotel-online.com /News/PR2006_2nd/May06_Kwek.html (605 words)

	ACE - Action Community For Entrepreneurship (Site not responding. Last check: 2007-09-16)
		Kwek Leng Beng, Executive Chairman of Hong Leong Group recounts how his late father Kwek Hong Png, driven by a passion to be an entrepreneur, chose the path less travelled and founded Hong Leong amidst the Great Depression.
		Armed with a buoyant spirit, Leng Beng did not allow these challenges to dampen his spirits.
		Leng Beng anticipated the proliferation of computers in homes and businesses in the not too distant future and was convinced that Informatics had something to offer the market.
	www.ace.org.sg /News/past_soe.asp?ID=4 (803 words)

	The Motley Fool UK: Market Comment 5/03/2003
		According to the latest Forbes list of global billionaires, the Singaporean Kwek Leng Beng is worth a cool $1.7b and his cousin the Malaysian Kwek Leng Chan just a couple of hundred million dollars less at $1.5b.
		Kwek Leng Beng is chairman, and also a big shareholder, of Millennium and Copthorne Hotels (LSE: MLC).
		His cousin Kwek Leng Chan, whose surname is sometimes written as Quek, is a major shareholder of Thistle Hotels (LSE: THO).
	www.fool.co.uk /news/Comment/2003/c030305a.htm (498 words)

	The Edge Asia
		Kwek is building a sail-shaped skyscraper, part of the government's multi-billion dollar waterfront that will include Singapore's first casino, a marina and parks.
		His cousin, the reclusive Quek Leng Chan -- the family name is spelled differently in Malaysia -- owns banking, property and industrial businesses including the Hong Leong Bank and the Guoco Group, which sold its Hong Kong bank Dao Heng to DBS Group Holding for S$10 billion (RM22.86 billion) in 2001.
		Kwek later said some in his organisation balked after discovering the full extent of probity checks for the bidding process.
	www.theedgedaily.com /cmsmobile/content.jsp?id=com.tms.cms.article.Article_fee2514a-cb73c03a-1c79dfc0-3f2f3340 (840 words)

	Kwek Leng Beng
		Kwek Leng Beng was trained as lawyer in London, but chose to joined the family business in the early 1960s.
		Kwek Leng Beng also chairs Millenium and Copthorne (MandC) Hotels, which is a London-listed international hotel group of which 53% share belongs to CDL.
		Kwek Leng Beng is a member of the Board of Trustees of the Singapore Management University.
	www.getrichcity.com /rich-people/rich-people-biographies/kwek-leng-beng.html (370 words)

	Leng - Internet Archive: Details: Margaret Leng Tan performs John Cage (Site not responding. Last check: 2007-09-16)
		Alfonso Leng Alfonso Leng (February 11, 1894 – November 11, 1974) was a composer of classical music.
		Quek Leng Chan, aged 62, has been the Executive Chairman of Guoco Group Limited ("Guoco") He is a brother of Messrs Quek Leng Chan and Kwek Leng San.
		In the article by Leng Her (aka Omnispiker) we go back to school to learn what is Leng explains the technical aspects of how you can start bangin' on.
	portalexplore.com /?q=leng (399 words)

	Singapore's millionaires increase at fastest pace in world
		Singapore's richest man, property magnate Kwek Leng Beng, is worth $2.8 billion, Forbes said.
		Kwek owns City Developments Ltd., and the Millennium and Copthorne Hotel chains.
		The report projects Asian wealth to grow by 6.9 percent annually to $10.1 trillion by 2009, compared with a 3.8 percent growth in European wealth to $10.7 trillion.
	www.singapore-window.org /sw05/050610bl.htm (324 words)

	Khaleej Times Online - The modest billionaire
		In fact, Kwek or ‘chairman’ as he is affectionately known by his employees is the son of a self-made billionaire who left the Chinese Fujian province as a penniless teenager for Singapore and subsequently founded the Hong Leong Group there.
		Kwek Leng Beng sits back, listens and comments, “You should be able to see the philosophy of the chairman of a company through his managers.
		Kwek Leng Beng may own a fleet of cars including an Aston Martin, a Porsche, a Maybach, a Bentley, a BMW, a Ferrari and a Rolls-Royce yet he remains in many ways an unusually modest billionaire.
	www.khaleejtimes.com /DisplayArticleNew.asp?xfile=data/weekend/2006/September/weekend_September27.xml§ion=weekend&col= (872 words)

	Hospitality Net - Article (Site not responding. Last check: 2007-09-16)
		Says Mr Kwek, "We are using it to try out the concept of developing such a business-class hotel." Replete with 416 rooms and 44 fully furnished serviced offices, business travellers can look forward to five-star hotel facilities at four-star rates.
		In his speech at M Hotel's official launch, Mr Kwek called on hotel owners and managers to explore cost-saving initiatives while increasing productivity during the present challenging period.
		Mr Kwek said, "These measures should, however, not be at the expense of employees and service standards.
	www.hospitalitynet.org /news/4011608.print (380 words)

	[No title]
		Kwek Leng Beng, Kwek Leng Joo, Kwek Leng Peck, Tan I Tong, Chow Chiok Hock and Foo See Juan, are also Directors.
		Kwek Leng Beng and Foo See Juan hold 1,311,867 Shares and 46,593 Shares respectively.
		The assets to be transferred Pursuant to the Transfer Agreement, CDL Hotels has conditionally agreed to transfer to CDL (or its wholly-owned subsidiary or subsidiaries) 147,785,025 M&C Shares (representing approximately 52.4 per cent.
	www.asiawind.com /pub/hksr/news/000627/10-000 (175 words)

	Asiaweek.com
		Kwek and his partners "may be in it to make money the old-fashioned way -- buying a cheap stock and selling when it reaches full potential," says a Singapore hotel industry watcher.
		Kwek is already looking at up to $300 million in new money -- if the Millennium and Copthorne listing this month in London is a success.
		Kwek appears to be focusing his energies on consolidating hotel operations.
	www.pathfinder.com /asiaweek/96/0405/biz1.html (1938 words)

	: CDL 2005 Annual Report :
		Appointed as Director and Executive Chairman of CDL since 1 October 1969 and 1 January 1995 respectively, Mr Kwek was re-elected on 29 April 2004.
		Mr Kwek is the Chairman of London-listed Millennium and Copthorne Hotels plc (MandC) and Hong Leong Asia Ltd. (HLA).
		Mr Kwek holds a law degree, LL.B (London) and is also a fellow of The Institute of Chartered Secretaries and Administrators.
	www.citydev.sg /CDL/notes/annualreport/sub_boardofdirectors.htm (865 words)

	NameTraq \| Last Name: Kwek
		Mr Wilson, who is retiring earlier than expected, denied he had fallen out with Kwek Leng Beng, the chairman who owns more than half the shares.
		Chairman Kwek Leng Beng said: “John Wilson has been at the forefront of the group’s development, overseeing its transformation into a truly global player...
		Kwek Leng Beng's City Developments is expected to turn in $155.1 million in FY2003 earnings, according to a Multex consensus of 19 analysts, from $151.2...
	nametraq.com /genealogy_jan04/K/Kwek.shtml (539 words)

	Kwek Leng Beng, Chairman of CDL Hotels International, Awarded Hotelier of the Decade / May 2000
		Singapore, April 11, 2000 — Mr Kwek Leng Beng, the 56 year old Chairman of Hong Leong controlled CDL Hotels International, was recently awarded “Hotelier of the Decade”.
		In fact, Mr Kwek has been one of Asia’s most active investors in recent years, not only in Asia, but in the US as well” said Mr Barge.
		The opportunities in Japan will be concentrated in the three star category according to Kwek, while his interest in China is tempered by the oversupply of hotels in Shanghai and the low room rates in Beijing.
	www.hotel-online.com /Neo/News/PressReleases2000_2nd/May00_Kwek.html (610 words)

	Kwek stalks Metropole
		KWEK Leng Beng, the Singaporean billionaire who brought Millennium & Copthorne Hotels to the stockmarket earlier this year, is in talks with Lonrho to buy its Metropole hotel chain for an estimated 250m.
		Until last week Lonrho had been planning to float Princess Metropole, but postponed the float on Wednesday when it admitted it had received several offers for the separate businesses.
		Kwek, who is chairman of Millennium & Copthorne, is thought to be extremely interested in Metropole, which owns five large conference hotels in Britain.
	www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1996/09/08/ckwek08.html (289 words)

	Goh Beng Kwan
		As the winner of the first UOB Painting of the Year Competition in 1982, he has gone on to attain local and international recognition for his work and UOB is proud to have been a part of his illustrious career.
		The exhibition reflects UOB's strong and continued support for the arts, and is part of the Bank's efforts to promote greater interest in local art, as well as encourage and recognise artists and their work.
		Commenting on the rationale for sponsoring the exhibition, Mr Kwek Leng Joo, Managing Director of CDL says, ?ochAs a property pioneer that has grown in tandem with Singapore’s development over the past four decades, CDL is glad to support this meaningful exhibition.
	www.biotechnics.org /2gohbengkwan.html (1126 words)

	Vegas News - Casino News (SINGAPORE) Property tycoon Kwek Leng Beng Pushes Controversial Casino Plan
		On Mr Kwek's suggestion to build a casino at the New Downtown, Knight Frank executive director Tay Kah Poh said: 'It will add a lot more buzz to the area and the casino will be a huge traffic generator.
		To prevent such a situation from happening, Mr Kwek proposed that the government buy back buildings along Shenton Way, which is 'too dilapidated', and develop the area into parkland.
		Mr Kwek said that while he will 're-examine again' having an office real estate investment trust, 'at the moment, it's not exciting yet as no building can give you 6 per cent yields'.
	vegasnews.squarespace.com /casino-news/2004/05/23/singapore-property-tycoon-kwek-leng-beng-pushes-controversial-casino-plan.html (657 words)

	TODAYonline (Site not responding. Last check: 2007-09-16)
		Mr Kwek's City Developments Ltd (CDL) first hinted at the criticism on Monday night, when it announced it was dropping out from a top-billing Las Vegas Sands consortium.
		Although CDL declined to elaborate, there was speculation that Mr Kwek — who has a net worth of US$4 billion ($6.5 billion), with a web of family-controlled companies — was caught offguard by the extent of disclosure required by the authorities during probity checks or investigations.
		While some argue that such disclosure standards are identical to the ones in the United States' and Australia's gaming jurisdictions, observers noted that low-profile Asian tycoons such as Mr Kwek haven't come to terms with the idea of baring all and sundry to the authorities.
	www.todayonline.com /articles/95795print.asp (748 words)

	Alter Ego
		Singaporean foodies will recognise Tetsuya as the chef that the former Prime Minister and now Senior Minister Goh Chok Tong was referring to in his 2001 National Day Rally speech.
		In that speech, Senior Minister Goh mentioned a lunch he had in London with Kwek Leng Beng at the Kwek’s about-to-be-opened restaurant in one of his hotels.
		Kwek had told the Senior Minister of the great trouble he had taken to persuade a certain Japanese-Australian chef from Sydney to set up the restaurant and the Senior Minister said:
	www.lawgazette.com.sg /2004-9/Sep04-lifestyle_travel.htm (1684 words)

	Millennium & Copthorne Hotels plc
		In 1972, Kwek extended his business interests into the real estate market by acquiring control of CDL, which had already completed several prominent developments in Singapore.
		Kwek Leng Beng now took CDL on a spending spree, paying out more than $1 billion over the next three years to boost its hotels portfolio to some 55 hotels, with more than 14,000 rooms, in 11 countries.
		In addition to acquiring properties, Kwek also plowed money into renovating and upgrading the hotels in CDL's portfolios, and raising rates in order to stake out what the company called the "luxury four-star" bracket.
	www.referenceforbusiness.com /history/Mi-Nu/Millennium-Copthorne-Hotels-plc.html (2078 words)

	CityDev withdraws from Sands' Singapore casino bid - Boston.com
		The company said in a statement released on the Singapore Stock Exchange that it would continue to provide advice to non-gaming aspects of Sands' proposal, especially in areas relating to design, development and construction planning.
		Sands confirmed in a statement that CityDev would not be an equity partner in its bid for the waterfront resort but said CityDev's chairman Kwek Leng Beng would continue to assist in the development of its proposal.
		"Kwek Leng Beng is one of the world's most creative and successful entrepreneurs and our proposal will benefit greatly from his continued involvement," said William Weidner, president and chief operating officer of Las Vegas Sands Corp.
	www.boston.com /news/world/asia/articles/2006/01/16/citydev_withdraws_from_sands_singapore_casino_bid?mode=PF (416 words)

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