Lee Shin Cheng Net Worth is$Million
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Ethnicity: Han Chinese
Citizenship: Malaysia
Tan Sri Dato' Lee Shin Cheng (traditional Chinese: ae??ae??e??; simplified Chinese: ae??ae??e??; pinyin: Li ShA?njA?ng) is a Malaysian Chinese business magnate who is heavily involved in the plantation industry.
Lee Shin Cheng heads IOI Corporation Berhad (or better known as IOI Group) as its executive chairman. IOI Group was by Forbes in 2012 a palm oil and real estate development giant. It owned refineries in the U.S. and the Netherlands and won a $322 million bid for a 6-acre plot in downtown Singapore for the residential buildings.
IOI, which is listed in Bursa Malaysia, is one of the world's leading conglomerate managing oil palm plantations, specialty fats, oleochemicals and property development activities in Malaysia, Indonesia, United States, and Europe. IOI refinery in Rotterdam, the Netherlands is the largest palm oil refinery in Europe. IOI's oil palm plantations in Malaysia and Indonesia produce palm oil and palm kernel oil. These oils are made into specialty oils, metallic stearates and fats that are used in soaps, detergents, cosmetics and food additives. IOI Group is also a leading real estate developer in Malaysia: projects include townships, shopping malls, condominiums, office towers and resorts.
Lee grew up northeast of Kuala Lumpur on a rubber plantation, where his father ran a small Chinese food shop. He left school at the age of 11 to help support his family, selling ice cream on a bicycle for four years before returning to finish high school. He sought work with one oil palm plantation company for a supervisory job, but was turned down. The reason givena??he didn't speak fluent Englisha??important then because Europeans still own most of the plantations. Lee, who was then only 22, was undeterred with Dunlop Estate's rejection. He went on to apply and got a field supervisor job with at another palm oil company.
About 20 years later, Lee got his 'revenge' when he gathered enough financial might to buy up Dunlop Estate. In 2008, he re

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Lee Shin Cheng Latest News

Shin Cheng Lee PSM, DPMS, JP

Mr. Shin Cheng Lee, PSM, DPMS, JP, serves as Executive Chairman and Group Chief Executive Officer at IOI Oleochemical Industries Sdn Bhd. Mr. Lee serves as Executive Chairman at IOI Investment (L) Berhad. He serves as Executive Chairman at IOI Properties ...
Posted: January 8, 2017, 1:40 am

League of Legends global power rankings: Preseason

The counter-punching style the club was famous for is more than likely gone in favor of a fast-paced, slugger style with the additions of top laner Heo "Huni" Seung-hoon and jungler Han "Peanut" Wang-ho; however, the core trio remains: Lee "Wolf" Jae-wan ...
Posted: January 11, 2017, 11:24 am

Light at the end of tunnel for property market, says Shin Cheng

According to the IOI Properties Group Bhd executive chairman Tan Sri Lee Shin Cheng, the property market in 2016 will start to see some improvement in the second half as the demand is still high, reported The Sun Daily. “Generally, the property market ...
Posted: January 5, 2016, 4:00 pm
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