辛 Asean Trading Link

Tuesday 29 October 2013

GST Vs SST 消費稅Vs銷售及服務稅

Malaysia Prime Minister and Finance Minister Datuk Seri Najib announced Budget 2014. There is a lot of search on internet about Goods & Services Tax ( GST ). the difference between GST and Income Tax and difference between GST and Sales and Services Tax ( SST ). As there already have info on difference between GST and Income Tax. We will blog about difference between GST and SST.

Usually, Goods from factory will be charge Sales tax of 10% unless it is for export. Dinning in high class restaurant will be charge Services Tax of 6%. It is one stage tax and business cannot claim back tax on item purchase. Thus, factory have to pay whole 10% to government and Services provider have to whole 6% to government.

As Prime Minister used carbonated drink as example. We used to illustrate the difference.

Under existing SST. Manufacturer of Carbonated drink like Coke, Sarsi etc, have to pay 10% Sales Tax to government. When the can reach restaurant. Restaurant charge another 6% services tax. Thus, Restaurant have to pay 6% to government. Actually, consumer paid total 16% (10% +6%)

Illustration 1 :

                               Manufacturer----->wholeseller-------->Restaurant
Selling Price               RM0.36------------>RM0.80------------>RM1.60
Sales & Services Tax RM0.036----------->--------------------->RM0.096
Total SST RM0.132

Under GST. First, the rate will be standard. Manufacturer no longer paid 10% sales tax but 6% of GST. And when the can reach restaurant. Restaurant also charge 6% to consumer. total consumer paid is 12% (6%+6%). It seem GST of 12% less than 16% under SST.

Illustration 2 :

                             Manufacturer----->wholeseller-------->Restaurant
Selling Price                RM0.36------------>RM0.764---------->RM1.53
Goods & Services Tax RM0.022----------->--------------------->RM0.092
Total GST RM0.114

However, as GST is multi stage consumption tax. thus, Restaurant able to claim back 6% paid to manufacturer from government. The effective tax rate is lower.

As RM0.022 is input tax for Restaurant. Restaurant only pay RM0.07 (RM0.092-RM0.022) to government only but not RM0.092 above. Manufacturer will be responsible to pay RM0.022 to government but not Restaurant. Thus, government received total of RM0.092 but not RM0.114 under Illustration 2 above.

Illustration 3 :

                              Manufacturer----->wholeseller-------->Restaurant
Selling Price                RM0.36------------>RM0.764---------->RM1.53
Goods & Services Tax RM0.022----------->--------------------->RM0.092
Total GST RM0.092

Government received total GST of RM0.092 only in stead of RM0.114 under illustration 2 above. This is because Restaurant only pay government net of RM0.07after deducting RM0.022 input tax.It seem GST RM0.092 is lower than SST RM0.132. However, as GST is  multi stage consumption tax. Wholeseller also have to charge 6% GST.

Illustration 4a :
                              Manufacturer----->wholeseller-------->Restaurant
Selling Price                 RM0.36------------>RM0.764---------->RM1.62
Goods & Services Tax   RM0.022---------->RM0.046----------->RM0.097
Total GST RM0.097

After including wholeseller, Total GST received by government is still at RM0.097 is still lower than SST RM0.132. Price of goods RM1.62 still become higher than RM1.60 under SST.

However, as GST is multi stage consumption tax. Raw material supplier also have to charge 6%GST to manufactuer.

Illustration 5a :

                      Supplier--->Manufacturer---->wholeseller-->Restaurant
Selling Price   RM0.18----->RM0.382-------->RM0.81------->RM1.72
GST               RM0.011---->RM0.023--------->RM0.049----->RM0.103
Total GST : RM0.103

It seem total tax received by government under GST amounted to RM0.103 is still lower than SST RM0.132. It seem price of goods RM1.72 is higher than RM1.60 after including tax charges to wholeseller and raw material supplier. It appear that it is a lose-lose situation as government get lesser tax whereas people have to pay higher price for goods. Government only get higher income on charging more item from variety of goods in stead of selected goods of sales tax and services tax previously.

Input Tax credit of GST

Another argument is business able to claim back input tax credit . This is unlike Sales and Services tax

Under the existing sales tax system, businesses cannot recover tax paid on their purchases. The tax is treated as a cost to business. When the business applies a mark-up to that cost, the sales tax is also marked up.

Because sales tax is paid early in the supply chain, by the time the consumer pays the final price of the goods, sales tax has been “marked up” several times, increasing the cost to the consumer at each stage. This is known as tax cascading.

The input tax credit mechanism allows GST-registered businesses to claim the tax that they pay on their purchases as a credit. Therefore, GST does not form part of the cost base of the business and is not included in the mark-up. Businesses will impose GST based on the value added by them at each stage in the supply chain, resulting in the consumer paying a final 6% tax on the purchase price, rather.

We used illustration 4a and illustration 5ab above to see how if business never mark up as they able to claim back input tax credit:

Illustration 4b :
                                  Manufacturer----->wholeseller------>Restaurant
Selling Price                   RM0.36------------>RM0.72--------->RM1.44
Goods & Services Tax    RM0.022---------->RM0.043-------->RM0.086
Total GST RM0.086

Even raw material supplier come into picture. It does change much if trader able to claim back input tax credit

Illustration 5b :

                       Supplier--->Manufacturer---->wholeseller-->Restaurant
Selling Price RM0.18----->RM0.36-------->RM0.72-------->RM1.44
GST              RM0.011---->RM0.022--------->RM0.043----->RM0.086
Total GST : RM0.086

Both selling price and tax received by government remain same if input tax credit taken into account. Theoretically, total tax received by government will be lower to RM0.086 from RM0.132 and price of goods will be lower from RM1.44from RM1.60. Or RM1.53 after including GST. However, will trader like manufactuer, wholeseller, retailer willing to reduced price to take into account of input tax credit?

Both illustration 5a and 5b above indicated that government will received lower tax compare to SST. However, price of goods will be higher if trader never take into account of input tax credit. Price of goods will be lower if trader willing to take into account of input tax credit. Will they?

More info on Budget 2014 :

Budget 2014: Oil and gas sector likely to continue vital role
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763691&fromuid=1950303

Budget 2014: Citation centre will help boost our varsities
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763671&fromuid=1950303

Budget 2014: Support for SME plans
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763765&fromuid=1950303

Budget 2014: EPF welcomes move to raise SP1M contribution
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763667&fromuid=1950303

Economic Report 2013/2014: Trade surplus likely to narrow to RM64.3bil
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=751271&fromuid=1950303

Budget 2014: Expanding Internet access
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763370&fromuid=1950303

Budget 2014 : No more stuffed bras for cancer victims
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763664&fromuid=1950303

Budget 2014: RM3bil soft loans for maritime
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763688&fromuid=1950303

Budget 2014: RM1bil boost for aviation sector
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763679&fromuid=1950303

Budget 2014: Loan ceiling not enough, say traders
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763670&fromuid=1950303

Budget 2014: ‘Romba nandri’ to Indian community
http://mforum2.cari.com.my/forum.php?mod=viewthread&tid=763668&fromuid=1950303

Anti-speculation measures outlined in Budget 2014
http://english2.cari.com.my/forum.php?mod=viewthread&tid=768781&fromuid=1950303

2014财政预算案 : 消費稅Vs銷售稅及服務稅

消費稅所帶來的衝擊大小，物價會否高漲，取決於商家的良心，商家應盡力配合政府，減少消費稅的負面影響。

在現有銷售稅制度下，製造商或進口商需向批發商徵收10%的銷售稅:

插图1

                                     工廠製造------------->批發--------------->零售
售價                             RM0.36------------>RM0.80------------>RM1.60
銷售稅及服務稅         RM0.036----------->--------------------->RM0.096
总稅数 RM0.132

但在後年落實消費稅後，製造商或進口商只能向批發商徵收6%的消費稅，換言之，批發商的成本將會下跌4%，是消費稅制的最大受益者。

插图2

                                     工廠製造------------->批發--------------->零售
售價                             RM0.36------------>RM0.80------------>RM1.60
消費稅                          RM0.022----------->------------------->RM0.092
总稅数 RM0.114

插图1及插图2显示消費稅总稅数RM0.114(RM0.022+RM0.092)比銷售及服務稅总稅数RM0.132(RM0.036+RM0.096)低

“消費稅對消費者有多項好處，包括避免雙重課稅。例如，酒店向製造商購買气水時需繳10%的銷售稅，然後酒店會把這項成本轉嫁到消費者的身上，加上消費者還要被徵收6%的服務稅，所以就被雙重課稅。”

不過，消費稅制度卻允許酒店向政府回扣在購貨時所繳交給製造商的消費稅（即進項稅，InputTax），無需把這項成本轉嫁到消費者的身上，而只是向消費者徵收6%的消費稅，消費者就能夠買到更便宜的气水。

插图3

                                     工廠製造------------->批發--------------->零售
售價                           RM0.36------------>RM0.764------------>RM1.53
消費稅                        RM0.022----------->--------------------->RM0.092
总稅数 RM0.092

插图3显示政府消費稅总稅收RM0.092比插图1銷售及服務稅总稅数RM0.132(RM0.036+RM0.096)低.甚至比插图2总稅收RM0.114低.消费税采行了“消费税回扣机制”，以将消费税回扣给商家.由于零售商能够索回消费税“进项税”（input tax）RM0.022.零售商消費稅只有RM0.07(RM0.092-RM0.022)政府消費稅总稅收RM0.092.工廠製造商RM0.022+零售商RM0.07.

雖然理論上如此，但他懷疑以“利”為本的商家是否會在享有政府回扣進項稅的同時，下調商品價格。

“再者，商家在配合落實消費稅的過程中，所承擔的成本雖可獲政府扣稅，但不排除可能會轉嫁到消費者身上，造成短期的通貨膨脹。”

消費稅層層課稅,批發商也需要付消費稅

插图4a

                                  工廠製造------------->批發--------------->零售
售價                         RM0.36------------>RM0.764------------>RM1.62
消費稅                     RM0.022---------->RM0.046----------->RM0.097
总稅数 RM0.097

插图4a显示在批發商也需要付消費稅下,物價胀至RM1.62.政府消費稅总稅收RM0.097比銷售及服務稅总稅数RM0.132低.

消費稅層層課稅,原料供應商也需要付消費稅.

插图5a
                  原料供應商---> 工廠製造-------->批發----------->零售
售價             RM0.18----->RM0.382-------->RM0.81------->RM1.72
消費稅       RM0.011---->RM0.023--------->RM0.049----->RM0.103
总稅数: RM0.103

插图5a显示在原料供應商也需要付消費稅下,物價胀至RM1.72.政府消費稅总稅收RM0.103比銷售及服務稅总稅数RM0.132低.

雖然層層課稅，政府在推行消費稅（GST）機制上也制定了一套執行監督方式，即強制規定商家必須憑稅務發票（tax invoice）向政府辦理減稅手續，否則無法獲得減稅。

政府將從原料供應開始征收6%消費稅，但工廠、批發及零售商都可以憑稅務發票申領減稅，可以獲得免征收上一層已征收的消費稅，不會加重生產成本。

防消費稅納入生產成本考量到部份不良商家或在生產過程中，將消費稅納入自己的生產成本中，關稅局規定商家須憑發票才能申領減稅，因此可以防範商家擅自將消費稅納入生產成本中，導致物價上漲。

插图4b

                            工廠製造------------->批發--------------->零售
售價                  RM0.36------------>RM0.72------------>RM1.44
消費稅                RM0.022---------->RM0.043-------->RM0.086
总稅数RM0.086

負責消費稅事務官員說，舉例一件商品的售價1.44令吉，在加上6%消費稅後，實際售價是1令吉526仙，消費稅額為0令吉086仙；但是由於這件商品在原料、工廠至批發過程中，已經累積付了0令吉043仙的消費稅，因此在零售階段時所征收的0令吉086仙消費稅，必須減免累積的0令吉043仙，實際消費稅僅0令吉043仙。

插图5b
                原料供應商---> 工廠製造-------->批發----------->零售
售價        RM0.18----->RM0.36-------->RM0.72------->RM1.44
消費稅   RM0.011---->RM0.022--------->RM0.043----->RM0.086
总稅数: RM0.086

如果商家不将消費稅納入自己的生產成本中.物價RM1.44比銷售及服務稅时RM1.60低.政府消費稅总稅收RM0.086比銷售及服務稅时总稅收RM0.132低.可能否?

“從標准稅率的征稅表中，由於消費稅的征收方式有別於其它稅務，因此在層層扣稅後，表面上看消費稅不低，但實際繳付的消費稅額卻相對低廉。”

消費稅不是商家在制定物價時的考量因素，加上商家必須憑發票才能減稅，因此政府落實消費稅並不會影響商家制定物價。

制造批发阶段不课税消费者免忧税款转嫁

http://cforum.cari.com.my/forum.php?mod=viewthread&tid=3274549&fromuid=1950303

Friday 18 October 2013

Samudra get Petronas project in Myanmar 东洋工程获国油2合约处理缅甸探勘油管

After we feature two Mynmar theme company. Tan Chong, Thai Beverage and F&N respectively. Another company, KEJURUTERAAN SAMUDRA TIMUR BERHAD get two contract from two subsidiary of Petronas : Petronas Carigali Myanmar Inc and PC Myanmar (Hong Kong) Limited respectively.

The project of 3 years for provision of tubular handling and running services for drilling campaign.

Petronas Carigali Myanmar Inc and PC Myanmar (Hong Kong) Limited for onshore for offshore respectively.

Kejuruteraan Samudra Timur Berhad must get Bank Guarantee to Petronas Carigali Myanmar Inc and PC Myanmar (Hong Kong) Limited amounted to USD 82thousand (RM269.65 thousand) and USD44thousand (RM143thousand ) respectively within 30 days of the awards.

The contract relatively small. However, it is a good start in Myanmar. As Samudra in financial difficulties recently. It is not sure whether Samudra have problem in getting the bank guarantee.

Myanmar theme was recomended by Jim Roger.

Update : The Edge : KSTB bags contracts from PC Myanmar, Petronas Carigali
Zhulian expects consumer goods exports to Thailand & Myanmar to boost sales
Samudra Timur selling Samudra Oil Services for RM80m to Destini Berhad

东洋工程获国油2合约处理缅甸探勘油管财经新闻财经 2013-10-06 09:09
http://www.nanyang.com/node/569384?tid=462

（吉隆坡5日讯）东洋工程（SAMUDRA，7185，主板贸服股）宣布，获缅甸国油探勘（Petronas Carigali）和PC缅甸（香港）有限公司，分别颁发为期3年合约。
根据文告，东洋工程将为缅甸国油探勘和PC缅甸的钻探活动，提供油管处理和运行服务，其中缅甸国油探勘的钻探活动在岸内，而PC缅甸的则在岸外。
合约价值未定
东洋工程向马交所报备，相关服务的价值，取决于缅甸国油探勘和PC缅甸的需求和钻探活动阶段，因此，目前未能确定两项合约的价值。
根据文告，东洋工程必须在合约有效日期的30天内，向缅甸国油探勘提呈由银行发出、8万2000美元（26万965令吉）、有利于缅甸国油探勘的银行担保。
同时，也必须在向PC缅甸提呈由银行发出4万4000美元（14万30令吉）、有利于PC缅甸的银行担保。
两项合约将在现财年（截至2014年6月30日）为东洋工程带来进账。

缅甸概念股

Monday 14 October 2013

Soh Chee Wen involved in 3 designated stock in SGX 苏启文牵扯新加坡交易所股价3“指定股”暴跌停牌

The fallout stemming from the massive sell-off of Blumont Group Ltd, Asiasons Capital Ltd and LionGold Corp Ltdis rocking the foundation of these companies and raising questions.

The spectacular collapse after a steep rise in the share prices of the those companies have now caused tongues to wag.

Names of shadowy figures behind the scene are whispered in circles in Malaysia, who are quite used to the idea of “operators” pushing up share prices of stocks on Bursa Malaysia in the past.

The rumour mill is in overdrive with the view that one Malaysian-tycoon is the invisible hand behind all the three companies as well as handful of others on the SGX, that are linked to this group.

A tenuous link?

While reports have highlighted that the companies involved in the selldown were linked through a complex web of shareholdings, it is difficult to prove those companies are controlled by one group or party.

The Edge reported that the current play is on stocks linked to businessman Soh Chee Wen.

Sources said company link to Soh chee Wen included Magnus Energy Group Ltd、Innopac Holdings Limited 、IPCO International Ltd and Annica.

Sources said that Soh chee Wen started invest in Innopac、IPCO International Ltd and Annica in 2000。And he only invested in Magnus Energy Group Ltd in 2003 and 2004。

Innopac acquisition of Australia's listed Merlin Diamonds gain much attention recently.

IPCO International Ltd 、Innopa和Annica and related party has gain 60% of Merlin Diamonds

Mr Lee Chai Huat bought 24 mln shares (a 13.65% stake) in Merlin Diamonds, through Newton Centre Development Ltd, on January 17.

He also bought placement shares in IPCO International on April 13, 2011 and also in Innopac Holdings on April 7, 2010. IPCO International Ltd is one of the substantial shareholders of Innopac.

herefore that makes him very close to people at IPCO and Innopac.

Lee Chai Huat has served as an assistant to Dato' John Soh Chee Wen about 2000 when John Soh was facing charges regarding Omega Securities scandal in Malaysia.

Gary Tan Boon Kiat is another such individual who bought 22 mln shares (a 12.51% stake) in Merlin Diamonds on March 8, with an announcement following two weeks later on March 21.

According to Reuters, Gary Tan Boon Kiat owns a 2.41% stake in Innopac and a 6.41% stake in Kuantan Flour Mills Bhd.

Asiasons has a 26% stake in another SGX-listed company ISR Capital. Datuk Md Wira Dani Daim (son of former finance minister Tun Daim Zainuddin) also owns close to 18% in ISR. Wira Dani also owns 6.35% in LionGold and 16.5% in Magnus Energy Group Ltd

Asiasons owns 8.41% in Lion gold, single largest shareholder.

Asiasons co-founded by Datuk Jared Lim, a former investment banker with Avenue Securities Sdn Bhd and husband of Dian Lee.

Dian Lee's Clearwater Development owns 10.62% in Blumont

IPCO International Ltd owns 9.71% of Blumont.

Meanwhile, Dian Lee's Clearwater Development owns 9.22% in Innopac. Blumont and IPCO International Ltd owns 8.67% and 8.2% respectively.

A tenuous link?

Update : Lim, Azlan claim no link to Soh

新加坡交易所股价暴跌停牌 3“指定股”牵扯苏启文

全国 2013-10-13 08:50

http://cforum1.cari.com.my/forum.php?mod=viewthread&tid=3224742&fromuid=1950303

苏启文掌控的公司，与3家新加坡上市公司持股关系错综复杂。

（吉隆坡12日讯）《The Edge》财经周刊报道，上周因股价暴跌被下令停牌和列入“指定股”的三家新加坡股票，几乎都和我国股市前红人拿督苏启文有关联。

新加坡3家挂牌公司股票暴跌40%至60%而被停牌的公司，包括博诺（Blumont）、亚昇投资（Asiasons）和瑞狮集团（Lion Gold），股价均先飙涨，随后暴挫。

非公司股东

由多名大马人持股的这3家公司在周一（10月7日）已复牌，但被新加坡交易所列为“指定股”（designated securities），必须遵守额外交易限制，不可“买空卖空”。

苏启文的名字突然被提起，是因为据说由苏启文掌控的公司，与这3家新加坡上市公司之间有着错综复杂持股关系。但奥妙之处是苏启文并没有出现在这些公司的股东名单中。

此外，这些公司的部分董事（据说跟苏启文有关）也直接持有3家新加坡上市公司的股权。

消息指，与苏启文有联系的新加坡上市公司包括Magnus能源集团、Innopac控股集团、Ipco国际和Annica控股，与上述3家公司有相关持股联系。

根据与苏启文相熟的消息人士指出，当初苏启文转至新加坡发展时，在2000年开始投资在Innopac、Ipco国际和Annica。而在2003或2004年，他才投资Magnus能源。

Innopac近日建议收购拥有钻石矿的澳洲上市公司Merlin钻石有限公司，而引起市场关注。

根据报道，Ipco国际、Innopa和Annica的一些相关人士已收购这家澳洲公司不超过60%股权，这当中一人为李财发（译音），他是苏启文在大马企业界活跃时的助手。

消息称，在1998年股市大跌后，并与资本市场监管单位发生问题后，苏启文转向新加坡去收购一些小型公司。

持股网络错综复杂

Magnus能源最大股东是前财政部长敦达因的儿子拿督维拉达尼，他直接和间接持有Magnus能源16.5%股权。

同时，他也是瑞狮集团第二大股东，直接和间接持有4.57%股权。

消息称，Magnus能源是维拉达尼首个大型的投资，这家公司收购印尼的煤炭厂后，在股市才有一番作为。”

瑞狮集团最大股东为亚昇投资，持股8.41%。

博诺

最大股东是梁金福（译音），持股14.36%；第二大股东是Clearwater私人有限公司，持股10.62%。

Clearwater发展由亚昇投资联合创办人拿督林杰尔的妻子———李静霖( 企业公主系列2 )掌控，她也是大马绿野集团主席丹斯里李金友的女儿。

另外，Ipco国际也是博诺的主要股东，Ipco国际在博诺直接或间接持股9.71%。

Clearwater发展持有innopac达9.22%，博诺和Ipco国际则分别持股8.67%和8.2%。

报道称，这3家上市公司，剪不断理还乱的持股关系，让人想起大马多年前发生的事，到底谁才是这些公司背后真正始作俑者，则不得而知。

南洋商报 : 狮城3 股跌停板传美国投行卖空股票惹祸

南洋商报 : 亚昇投资大马股东否认与苏启文有关联

Tuesday 8 October 2013

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge 李静霖有关连公司在新加坡跌停板

The Singapore Exchange Ltd suspended trading in three stocks on last Friday, warning the market may not be fully informed of the companies' affairs after a plunge in their share prices, with one falling more than 60 percent.

The bourse first halted trading in diversified company Blumont Group Ltd, whose stock has risen as much as 12 fold this year, after it slumped 56 percent in morning trade. It later suspended gold miner LionGold Corp Ltd and investment company Asiasons Capital Ltd.

Dian Lee's husband Datuk Jared Lim Chih Li is Managing Director, co-founder and substantial shareholder of Asiasons.Datuk Jared Lim, with a combined 49.3% or 483 million shares.with Datuk Mohamed Azlan Hashim.

Asiasons is the biggest investor in LionGold , has an 8.72% stake in LionGold

Dian Lee's Clearwater Development are subtantial shareholder in Blumont Group Ltd with a 6.97% stake or 180 million shares. .

Blumont and LionGold have a non-executive independent director in common.

The SGX also queried recent trading in three other companies, Innopac Holdings Ltd, ISDN Holdings Ltd and ISR Capital Ltd, which all fell sharply on Friday.

Asiasons is the biggest shareholder in ISR, while LionGold has a stake in Innopac.

In an exchange filing, Asiasons said it had been informed that there were "malicious market rumours that a team from the Monetary Authority of Singapore has been sent to the company's office to carry out investigations. The company confirms that such market rumours are false."

Earlier on Friday, Blumont said it had agreed on the terms of a proposed takeover bid of a foreign-listed coal mining company for up to S$146 million.

It had called a news conference for Friday afternoon in Singapore, but then postponed it without giving details.

On Friday evening, LionGold said it was in advanced talks to buy a stake in a gold mining company listed on three foreign stock exchanges, but the unnamed target firm was considering if the acquisition should continue in view of the suspension.

Asiasons Capital Group is an alternative asset investment and management group focused on opportunities in South-East Asia.

LionGold is a gold company with primary concessions in Australia, Ghana and Bolivia. Based on its website, the acquisition of a Canadian gold miner was now pending.

Blumont, meanwhile, invests in minerals and energy.

This is not first time commodity company on SGX being a short seller target. Earlier, Olam International has been short selling by Carson Block of Muddy Water.

Update : Singapore's Asiasons Capital tumbles after lifting of trading halt
New shareholder fails to lift Blumont; Asiasons and LionGold also fall
Malaysian play in Singapore gone awry
Board to focus on repairing damaged reputation
Three S'pore-listed M'sian companies bounce back doubling share prices
Platinum Partners invested in Asiasons, Blumont, LionGold before share collapse
Penny stock debacle: More stakeholders take court action
Lawsuits may provide answers on $8b meltdown
Asiasons salvages deal with US oil firm

李静霖有关连公司在新加坡跌停板

綠野集團（CHHB）創辦人丹斯里李金友千金 李静霖 有关连公司上星期在新加坡跌停板.

李静霖丈夫Datuk 林杰尔是亚昇投资Asiasons董事经理与联合创始人. Datuk 林杰尔与莫哈末阿茲兰透过亚昇投资管理公司掌握38.4%股权。

亚昇投资Asiansons 在瑞狮集团LionGold Corp Ltd 有8.72%股份.

Datin 李静霖公司Clearwater Development 在博诺Blumont Group Ltd 有10.62%股份.

以上三公司亚昇投资Asiansos,瑞狮集团LionGold Corp Ltd与博诺Blumont Group Ltd上星期五在新加坡跌停板.

不过,之前也有其他原产品公司如奥兰国际（Olam International）爆出股票在新加坡股市遭美国卖空集团“狙击”

亚昇投资Asiansons 是ISR Capital Ltd最大股东.瑞狮集团LionGold Corp Ltd 是Innopac Holdings 股东. ISR Capital Ltd 及Innopac Holdings 虽下跌但没停板

Singapore's Asiasons Capital tumbles after lifting of trading halt
狮城3公司暴跌被停牌多名大马人持有股权

New shareholder fails to lift Blumont; Asiasons and LionGold also fall

Saturday 28 September 2013

Two Jeffrey Cheah Professorships of South-East Asia Studies (SEA) at Harvard University 谢富年基金会捐赠美国哈佛大学设立东南亚研究所

The Jeffrey Cheah Foundation (JCF) and Harvard University have signed agreements to establish two Jeffrey Cheah Professorships of South-East Asia Studies (SEA) at Harvard.

HARVARD University in the United States and the Jeffrey Cheah Foundation (JCF) have teamed up to launch an initiative to boost research in Southeast Asia studies.

The two professorships were the Jeffrey Cheah Professor and the Jeffrey Cheah Visiting Professor, said JCF founding trustee Tan Sri Jeffrey Cheah .

The agreements would see the setting up of two Jeffrey Cheah Professorships (JCP) of Southeast Asia (SEA) Studies as well as the funding for projects under the collaboration which included the new Jeffrey Cheah Fellowship and the Jeffrey Cheah Travel Grants.

The agreements to effect the arrangements were finalised in July between Tan Sri Jeffrey Cheah (as chairman of JCF) and Prof J. Dominquez, Harvard’s vice-provost for international affairs (acting for president of Harvard).

“During our first Board of Trustees meeting, the subject at hand was the setting up of the Jeffrey Cheah Institute of Research on Southeast Asia (JCIR-SEA).

“This will be set-up in Sunway University to facilitate a two-way flow of faculty and students between Harvard University and the institutions under the Sunway Education Group (SEG),” said founding trustee of the foundation, Tan Sri Jeffrey Cheah.

The JCIR-SEA centre will serve as a pioneering link between a Malaysian private university and Harvard University and will soon be globally recognised as an independent research centre in South East Asia studies and the social sciences.

"The objective is to support and advance research, conferences and workshops related to South-East Asia studies, as well as through other scholarship collaborations, joint publications and joint applications for the research grants," he said.

The JCIR-SEA also seeks to become the foremost independent research centre globally, in the study of South-East Asia in the social sciences which aims to be a public policy tank in that social science research will be used to contribute to the advancement of the South-East Asian societies.

"It is my hope that the establishment of this linkage with Harvard, through the establishment of Professorships and the Jeffrey Cheah Institute of Research, will provide the impetus to strengthen Malaysia as a centre for educational and research excellence in the study of South-East Asia as a growing influence in the global community," he said.

“I am proud to do this as it is my passion to provide education for the young and old. I would even encourage those in the media to pursue life-long learning for themselves,” said Cheah, after announcing the US$6.2mil (RM20.5mil) contribution to the collaboration.

Meanwhile, the establishment of the Travel Grants will be administered as collaboration between Harvard's prestigious Asia Center (HAC) and JCF.

Cheah said, HAC would select the most competitive applicants for approval by JCF and help publicise the grant programme to Harvard faculty and students.

Jeffrey Cheah Professorship (JCP) endows a US$4mil Harvard chair in SEA Studies in perpetuity i.e. it’s forever, to be awarded to an eminent scholar focused on advancing teaching and research on societies and cultures of SEA countries, among them Malaysia.

The Jeffrey Cheah Professor may focus on any of the following themes: governance and public policy; political economy; economics and development particularly of the region; business and management; public health and health care; urbanisation; innovation; education; and the study of SEA’s peoples and cultures.

The first appointment, to be made at the discretion of the president of Harvard, will be in economic development and the professorship may reside in any school of the university. The professor’s title may also reflect the incumbent’s field of specialisation; e.g. “Jeffrey Cheah Professor of South-East Asia Studies and Political Economy.”

Jeffrey Cheah Visiting Professorship of SEA Studies involves an expendable gift of US$200,000 (RM658,000) to enable Harvard to appoint soonest possible a visiting professor for a specified term while the recruitment for JCP proceeds. It will also support at least one early conference related to SEA Studies to be coordinated in consultation with Sunway University (SUY). Excess monies can be used to support a second appointment, other conferences and workshops.

Jeffrey Cheah Fellowship in SEA Studies endows US$1mil (RM3.3mil) in perpetuity to support a Harvard graduate student conducting research focused on SEA, made available in annual payments of US$100,000 (RM330,000) for 10 years. The Jeffrey Cheah Fellow may be appointed from any school at Harvard. Excess income may be used to appoint another Fellow.

The investment, administration, and distribution of each of these three sets of funds shall be managed at the discretion of Harvard’s president. The University will provide an annual report within 90 days after the end of each fiscal year.

Jeffrey Cheah Travel Grants (JCTG). In order to advance teaching and research focused on SEA by faculty and students of Harvard University – and to support engagement with Harvard by SEA-based scholars – JCF will underwrite a continuing series of grants to support research and education-related travel to and from Malaysia and SEA. Up to US$100,000 annually will be made available for the next 10 years to support this JCTG programme. The grants will better enable members of the Harvard community to travel to SEA (with Malaysia as priority) for research or study, and for scholars and practitioners on SEA Studies from institutions in SEA (especially the Sunway Education Group – SEG) to travel to Harvard to present lectures and conduct research utilising the university’s library and museum collections and its faculties’ expertise.

The grants will be administered as collaboration between Harvard’s Asia Center (HAC) and JCF. HAC will select the most competitive applicants for approval by JCF. HAC will also publicise the grant programme to Harvard faculty and students, and will coordinate with JCF on publicising the program under SEG. Harvard-based applicants will know that travel to Malaysia (solely or in addition to travel to any other SEA nation) is a prerequisite for receiving an award.

JCF hopes that Harvard faculty and students will utilise the facilities of the Sunway Group of Companies – including SEG – and will engage with the students, faculty, and administrative leaders of all Sunway institutions, notably through teaching, scholarly research collaborations, joint publications, and joint research grant applications. This offer of hospitality is intended to strengthen the connection and collaboration between Harvard University and all Sunway institutions, and help extend the reach and impact of JCTG.

As I understand it, these funds are intended “to support the best and the brightest faculty and students from around the world (including Malaysia) as they advance teaching and research focused on South-East Asia (SEA), including Malaysia… These funds will work in tandem to advance academic discovery focused on SEA, further define (the pro-active role of Malaysia in advancing) the growing influence SEA has on our global community, and strengthen ties between Harvard, Malaysia and the region.” said JCF Board of Trustees member Tan Sri Lin See Yan.

“The funding has been done in a manner that will encourage appointed Harvard professors to see Malaysia as their research hub, making Kuala Lumpur their gateway to Southeast Asia.

“From there, they can go to Jakarta, Bangkok or any country they want,” said Lin.
Lin, whom is also a Harvard alumnus, said the agreements to effect arrangements were finalised in July 2013 between Cheah and Harvard vice-provost for international affairs Prof J. Dominquez.
The travel grants will enable members of the Harvard community and scholars from Southeast Asian institutes to travel between Harvard University, Malaysia and Southeast Asia to present their lectures and research.

“I’m sure Harvard will appoint the most eminent professors, not only in America, but in the world. I hope that the presence of a prestigious Harvard lecturer will attract research students to get involved.
“We want our Malaysian students to be inspired and follow in the footsteps of expert researchers who are leaders in their respective fields,” said Lin.

When asked about the motivation for this current initiative, the board explained that SEA studies was previously overshadowed by focus on China and East Asia; but with the region gaining strong influence in the global economy, it is now primed to provide better understanding for international business communities and enhance social relations.

Trustees of JCF are right that teaching and research on SEA Studies are important and timely to fill the present vacuum left by the concentration of academic and other interests and pursuits in North-East and South Asia. It should further define the growing influence SEA has on the global community and strengthen the connection and collaboration between Harvard University and Malaysia, and SEA in general. It is essential that the gifts generate an active two-way flow of scholars between Harvard and SEG (which also administers SUY and Monash University Malaysia or MUM) to support research, conferences and workshops related to SEA Studies as well as through other scholarly collaborations.

Jeffrey Cheah has always been passionate about education. He has since set aside all his education assets, valued in excess of RM720mil (in addition to SUY and MUM, SEG comprises also Sunway College, Jeffrey Cheah School of Medicine & Health Sciences and Sunway International School), into JCF to promote education and help the disadvantaged. To date, more than RM100mil have been given out in scholarships. JCF is by far Malaysia’s largest social enterprise. He often likes to say: “I aspire to inspire before I expire.” Cheah is fascinated by Harvard’s global success, so much so he aspires for his modest SEG to become someday, the Harvard of the East and he is prepared to invest to make this happen. So, I am delighted SUY will soon establish the Jeffrey Cheah Institute of SEA Studies (JCI) to act as a catalyst in promoting SEG as an attractive hub for studies on SEA.

They should encourage development of Malaysian academic talent to upgrade their studies and research at Harvard, and the injection of Harvard expertise to help develop and improve standards in teaching and research at SEG in SEA Studies.

This collaboration should also benefit higher education generally and help establish a new benchmark of excellence to improve, and become a world class education & research Hub in this region.

These gifts provide unique opportunities to link-up with Harvard University and its highly coveted Harvard brand. It will surely raise Malaysia’s standing in education globally. Indeed, it brings to bear at home the much coveted association with Harvard which rarely lends its name to any such ventures outside US. It also helps to extend the reach and impact of Harvard to SEA, which will eventually benefit and enhance the academic standing of SEG. That’s good.

“I personally hope to see that the appointed professor will be passionate about his work and truly enjoy being immersed in the different cultures,” said foundation trustee Prof Wang Gungwu.

The contribution is expected to positively impact economies of the region through increased travels, trade and investment opportunities.

The board aims to contribute towards reaching an East Asia and Pacific region global education enrolment of 43% by year 2035.

Since its official launch in March 2010, the foundation remains committed to giving back to society, awarding over RM130 mil worth of scholarships to more than 16,000 students to date.

Other illustrious members on the foundation’s board of trustees are Tunku Zain Al-’Abidin Tuanku Muhriz, Datuk Seri Razman M. Hashim, Tan Sri Ramon Navaratnam, Tan Sri Lee Lam Thye, Tan Sri Rainer Althoff and Prof Richard Graeme Larkin.

It’s noteworthy JCI is being set up with the help and advice of Harvard Emeritus Prof D. Perkins who was at one time chairman of Harvard’s reputable Economics Department, and for 16 years thereafter, as director of the renowned Harvard Institute of International Development and before his recent retirement, as director of Harvard’s prestigious Asia Centre.

The aim of JCI is to be a top-notch independent research outfit, initially to bridge the gap in research and teaching in SEA Studies, collaborating and co-operating with other world-class institutions (including Harvard) and leveraging on research efforts at similar institutions worldwide, reflective of the best traditions of world-class think tanks.

Malaysia badly needs such an initiative and Cheah’s bold effort is timely. The challenges facing us today are too consequential. The need for knowledge, imagination and deep understanding of SEA is just too great, and the opportunity to improve the human condition is too precious for us to do anything less than rise to the occasion. Cheah has sown the seeds to instil in our scholars what it means to be world-class.

谢富年基金会捐赠1860万与美国哈佛大学设立谢富年东南亚研究所

谢富年（左三）与一众成员召开记者会，汇报最新的动向。左起纳瓦拉德鲁、拉兹曼、林西彦、李霖泰及王赓武。

谢富年基金会捐赠620万美元（约1860万令吉），在美国哈佛大学设立谢富年东南亚教授职位、学术奖学金和旅行资助。

设东南亚研究所

谢富年基金会创办人丹斯里谢富年博士今天与基金会成员召开记者会公布此事，该基金会已在上月与美国哈佛大学签署了协议。

“这是一项一次性的捐赠，我希望通过教授职位的设立，与哈佛大学建立策略联系，在这职位设立之下，双威大学将成立谢富年东南亚研究所，两者的配合推动马来西亚成为东南亚研究和发展的核心。”

这笔捐赠，510美元（约1530万令吉）用于设立谢富年东南亚研究教授职位和谢富年东南亚研究学术奖学金；以及谢富年东南亚研究客座教授权职位。

另100万美元（约300万令吉）将作为谢富年东南亚研究旅行资助金，每年拨款10万美元（约30万令吉），为期10年。

提升教育水平

旅行资助金可让哈佛的研究人员和东南亚的教育机构，包括双威教育集团的学者和实习者，往返哈佛与东南亚及马来西亚举行讲座与从事研究。

基金会成员丹斯里林西彦博士说，有关的教授是由哈佛大学委员，是哈佛的教授。

“这些教授必须选择前来本区域进行学术研究，才能获得这项资助，尤其是把吉隆坡作为进入本区域的核心。

我们鼓励鼓励美国学生，大马学生跟随这名教授进行东南亚研究。

研究的课题没有设限，可以按照他们的兴趣。”

他也说，通过这样的安排，希望成绩优异的双威大学生能到哈佛升学，更重要的一点是，能提升整个教育水平。

出席今天记者会的成员包括东姑再因、丹斯里纳瓦拉德鲁、拿督斯里拉兹曼、丹斯里李霖泰、王赓武教授、丹斯里莱尼艾德弗。

此项捐献除了让学者加强对东南亚的了解，东南亚研究因中国的崛起一度黯然失色，但随着东南亚经济对全球经济的影响力与日俱增，有关研究将让更多人对本区域有深入的了解。

相关报道: 大马设东南亚研究基地厦大分校英文教学

设8个专业研究机构广西打造中国－东协智库

Sunday 22 September 2013

Robert Kuok succession planning crisis 2 传郭家三房争产1220亿

With reference to our blog post Corporate Princess 5 : Kuok Hui Kwong & Robert Kuok succession planning dated 30 August 2013.

Last week, Hong Kong's gossip Magazine Next weekly reported that Beau Kuok Khoon-chen has been sideline since he fall out with family when his love affair with renown singer Teresa Teng, disapproved by his family. Despite Beau Kuok Khoon-chen never marriage Teresa Teng eventually. He marriage a Japanese lady look like Teresa Teng. Since then, It seem Robert Kuok more favor his second son Kuok Khoon Ean.

Kuok Khoo Ean has been appointed chairman of SCMP Group Ltd in 2000 and appointed Chairman of Shangri-La Asia (69) in 2008 and become CEO Shangri-La Asia (69) subsequent year. Shangri-La Asia (69) in Hong Kong consider as Robert Kuok's flagship company. Kuok Khoo Ean also involved in Robert Kuok's listed company in Thailand and Malaysia.

It seem that it become too much pressure on Kuok Khoo Ean, he also lack of support from his elder brother Beau Kuok Khoon-chen . Shangri-La Asia (69) announced a 66% drop in profit in half year result ended Aug 2013. Kuok Khoo Ean has been on leave before the announcement of half year result. Rumour in the market said that Kuok Khoo Ean has been hospitalise due to depression.

Kuok Khoo Ean leave suppose to end 31 Aug 2013 and resume to work in September 2013. However, filing to Hong Kong Stock Exchange show that Beau Kuok Khoon-chen has resigned as chairman of Kerry Properties Ltd (683) and has been appointed Deputy chairman and Managing director of Shangri-La Asia (69), the flagship company of Robert Kuok. Kuok Khoo Ean only remain as director.

It seem Kuok Khoo Ean hospitalisation has mess up Robert Kuok succession planning. Apparently, it look like Beau Kuok Khoon-chen has regain power. Next magazine speculated that Robert Kuok might have alternative planning on succession issue as children of his first wife do not cooperate with each other.

The magazine speculated that Robert Kuok like children of his second wife. Kuok Hui Kwong become CEO and Managing Director of SCMP Group Ltd between 2009 to 2012. SCMP Group Ltd has been delisted on Hong Kong Stock Exchange since 26 february 2013 due to unable to meet shareholder spread requirment by Hong Kong stock exchange. However, this doesn't affect her impression in the eye of Robert Kuok.

Kuok Hui Kwong's brother Kuok Khoon Wah do not hold any position in public listed company of Kuok empire. However, he is de-facto personal assistant of Robert Kuok, his office is next room of Robert Kuok and Robert Kuok bring him along during networking lunch and dinner and pass a lot of connection to him.

Youngest daughter Kuok Yen Kwong just joint the company recently after graduate from Harvard

Kuok Yen Kwong

Next magazine also reported that it is open secret in Hong Kong that Robert Kuok has a third wife base in Shanghai but children are still too young.

Kuok Khoon Wah,Kuok Hui Kwong,Kuok Khoon Hong appear on rare TV interview in China together with robert Kuok

There is possibility of nephew Kuok Khoon Hong takeover as captain of his empire.

Profit of Wilmar International listed on Singapore Stock Exchange, a company lead by Kuok Khoon Hong has been equal to profit of Robert Kuok's 3 listed company's listed on Hong Kong Stock Exchange combined. Impressive and not an easy achievement for other to match.

Wilmar International Ltd (WIL)., is the world’s biggest processor of palm oil and eighth-biggest sugar producer.

In 1988, at his nephew Khoon Hong’s suggestion, he branched out into edible oils. By 1993, Coca-Cola Co. was impressed enough with Kuok’s China connections to form a bottling joint venture with him.

That lasted until 2008, when Coke bought back Kerry Group’s stake for an undisclosed amount, both companies pronouncing the outcome a success.

The family’s history of that period harbors an enduring mystery: a 16-year parting of the ways between Robert and Khoon Hong, who in 1991 left the Kuok Group to set up Wilmar with Indonesian entrepreneur Martua Sitorus.

It wasn’t until 2007 that Robert acquired a 32 percent stake in Wilmar and injected most of his agribusiness into it. Neither Robert nor his nephew would discuss the split.

Update : Kuok's children seen battling for HK$300 billion fortune
Robert Kuok still rooted to Malaysia despite spending 40 years in Hong Kong

传郭家三房争产1220亿

（香港19日讯）“糖王”郭鹤年三房掀豪门争产风暴？！

最新一期香港《壹周刊》爆料，指赫赫有名的郭氏家族的风波，是继新鸿基郭氏兄弟阋墙后，香港豪门争产闹剧重头戏码。

今年10月就90大寿的嘉里集团主席郭鹤年，至今未言休，业务遍布新马、中港，估值达3000亿元（港元，下同，约1220亿令吉）。

从未钦点接班人

其中，在香港上市的3间公司：嘉里建设、香格里拉（亚洲）及《南华早报》，向由一、二房子女打点；然而郭鹤年至今，从未如另一重量级人马李嘉诚般，钦点接班人。

上月中，曾经失势的郭鹤年长子郭孔丞，突然接替正休假的胞弟郭孔演，出任香格里拉（亚洲）主席。

大哥上演“太子复辟”

报道说，传闻是正上位的郭孔演，因难顶压力入院，让大哥上演一幕“太子复辟”。

但戏肉才刚开始，皆因郭鹤年心中的真命天子另有其人。

向来甚少动作的嘉里是上市公司，上个月突然大洗牌。

原为嘉里建设主席的大哥郭孔丞突然辞任，重返香格里拉（亚洲）做主席；4月开始离奇休假、原应于9月复工的胞弟郭孔演，则辞任主席位，转做非执董。

“表面看似风平浪静，但真正的战场，原来在香港鰂鱼涌嘉里中心顶楼、母公司嘉里集团的总部。”报道这么形容。

兄弟内讧白热化

《壹周刊》报道说，除郭孔丞及郭孔演外，郭氏二房的3名弟妹，也每天准时上班，包括任《南华早报》执董的郭惠光及初出茅庐的幼女郭燕光。

样子俊俏的二房幼子郭孔华，则经常伴随父亲出入。

继室子女迅速上位，皆因长房所出的孔丞、孔演两兄弟内讧白热化，互拖后脚，令郭鹤年不得不重新布局。

无论如何，郭鹤年豪门争产传言几乎没波及旗下上市公司的股价走势，香港上市的嘉里建设周四股价扬升0.80港元，至32.80港元，成交量达293万股。

而香格里拉（亚洲）则微跌0.04港元，至12.64港元，成交量为178万6000股。

另一家在香港上市的《南华早报》，则因公众持股量不足，已在今年2月26日起暂停交易，停牌已超过半年，股价维持在1.885港元；基于该股公众持股量不足25%的问题，仍未有解决定案，复牌日子还遥遥无期。

培育二房上位

根据上市通告，郭孔丞现为母公司嘉里集团副主席兼董事总经理，可说是一人之下。

但报道说，仍手握大权的郭鹤年，另有盘算。

“熟悉郭家的人表示，郭鹤年最疼二房的3个子女，尤其是幼子郭孔华，每天带在身边，到处去见世交。”

《壹周刊》指与父亲同住香港深水湾大宅的郭孔华，虽在上市公司无任何职位，但其实是父亲助理，两人办公室就在隔壁，凡事都由父亲亲自指导。

而毕业于名校哈佛的二房长女郭惠光，性格高傲，是二房子女中最早参与家族生意的。

郭惠光任南早执董

2004年出任《南华早报》执董，2009至2012年曾任董事总经理及总执行长。

《壹周刊》引述消息人士的话声称：“郭惠光喜欢控制人，很多《南早》的人都不喜欢她。”

《南华早报》2月再次因公众持股量不足而停牌，至今仍未有解决方案，备受市场非议。但不减郭惠光的受宠程度。

三房子女居上海

根据《南华早报》年报，去年底，她在母公司嘉里集团的权益为3.22%，但今年中已大增至11.87%。

同一时期，太子郭孔丞所占权益，仅由13.52%微升至13.63%。可见郭鹤年对二房子女的重视程度，急速攀升。

另外，郭鹤年在上海有第三房，已是富豪界公开的秘密，传闻三房子女年纪尚幼，郭鹤年经常飞往探望。

传次子难顶压力入院

《壹周刊》报道形容，新“郭氏风云”，波谲云诡，置身其中，犹如一套现实版《康熙王朝》。

报道说，总值3000亿港元（约1220亿令吉）的嘉里王国，状况如同一套现实版的《康熙王朝》，郭鹤年如戏内的康熙，垂垂老矣，却仍未钦点接班人。

59岁的长子郭孔丞，原为名正言顺的“太子”，但1980年代时，他与歌星邓丽君的一段情，在家人反对下无疾而终，他大受打击，与父亲关系也留下芥蒂。

兄弟争管香格里拉

太子失宠，晚年郭鹤年改捧次子郭孔演上位。

58岁的郭孔演，2000年已任《南华早报》主席，2008年转任香格里拉主席，翌年兼任总执行长，同时沾手郭氏在泰国及马来西亚的上市公司，并代表父亲出任世交李国宝旗下东亚银行非执董。

熟悉郭家的基金经理表示，香格里拉是郭鹤年晚年最重视的生意，扩张得很快。

报道说，不过，郭孔演的表现却令父亲大失所望，因为香格里拉7月发出盈利警告，8月公布中期业绩，核心盈利大跌66%。

业绩公布前，郭孔演突然宣布“休假”，有郭氏世交家族成员透露：“他压力太大，郭鹤年对他期望很大，大哥孔丞对他也不算支持。最终难顶压力，进医院，现在已出院休息。”

中期业绩记者会上，执董钱满都承认郭孔演有“health issue”（健康问题）。

郭孔演败阵，大哥郭孔丞乘机夺回太子之位，出任香格里拉主席。

叔父子侄大斗法

说得上“九子夺嫡”，当然没那么“简单”。

郭鹤年的千亿王国，基本上是家族生意，郭鹤年是总司令，率领各房子侄共同打理，令形势变得极之复杂。

报道指郭氏家族内，除郭鹤年一房外，势力较大的是大伯郭鹤举的两名儿子郭孔辅及郭孔錀，2人曾前后出任香格里拉执董及主席，郭孔錀更曾任嘉里建设主席。

当年，两兄弟权势甚至高于郭鹤年的亲生儿子。

“由于集团内子侄众多，个个都有权，令公司政令变化多端。”

后来，郭鹤年陆续安排2名儿子进入上市公司，取代侄儿。

但在嘉里集团的数间控股公司内，董事及股东名单上，仍有大量家族成员的名字及公司。

“雍正”随时夺位

报道说，郭氏第三代孔字辈中，表现最出色的是掌管新加坡上市的家族旗舰丰益国际的郭孔丰，郭鹤年曾公开赞赏这名侄儿，指他是众子侄中最聪明的。

郭孔丰（63岁）一手建立丰益集团，2006年，郭鹤年注入马来西亚棕油业务，成为股东。

丰益现成为全球最大的棕油生产商，亦是中国最大的食油供应商，市值近1300亿元。

根据年报，丰益去年盈利逾100亿元，几乎是嘉里在香港3间上市公司的总和。

熟悉郭家的基金经理说：“郭氏家族会议上，有叔父提过郭孔丰是更好的接班人。”

郭鹤年家族表

1.自小离开福建祖家远渡南洋生活，后来与兄长们在马来西亚经营白米生意成为小富，于1948年12月病逝，享寿56岁

2.毕业于福州协和大学，于1995年7月逝世

3.荣获马来西亚政府敕封（丹斯里勋衔），曾先后出任驻荷兰、丹麦等国大使，及后调任国家旅游部部长，2003年逝世

4.天资聪敏，热衷公益，是马来西亚民主同盟成员，在一次英军剿共突袭中，被英军所杀

5.约90岁，原在父亲的东升公司工作，父亲病逝后与兄长成立“郭兄弟有限公司”，由于受到鹤龄之死打击，遂往英国居住散心，其间研究商品交易，及食糖的买卖，于1958年藉英国撤走及马来西亚独立，大举发展白糖业务，1976年更将其王国由新加坡迁来香港，发展地产、酒店、传媒等事业

6.与大哥鹤举的妻子是亲姊妹，于1983年8月逝世

7.约63岁，空中小姐，在往新加坡的旅程中遇上

8.家族基金公司董事

9.家族基金公司董事

10.约59岁，自2008年起出任嘉里建设主席及执董，于本年8月辞任，但同期取代胞弟出任香格里拉主席。另外，曾与邓丽君相恋，因家族反而对分手

11.二人在日本认识，因貌似邓丽君而迅速发展，于1986年7月在大会堂结婚，但于2009年分居；

12.58岁，原任香格里拉主席，但本年4月起放无薪假，至8月时辞去职务，转任公司非执董

13.35岁，家族基金公司董事，近年经常陪伴父亲外访

14.约36岁，于2004年获委任为南华早报集团执董，2009年1月出任董事总经理及行政总裁，2012年6月辞职，现仍留任公司执董

15.约37岁，“公仔面大王”、南联实业周文轩的外孙，现任嘉里建设执董。

郭氏王国市值$2,500亿

嘉里建设（683）56%

市值∧：$461.3亿
上市地点：香港
主席：黄小抗
主要业务物业发展，如最近开售的港图湾及物业投资，如出租的北角嘉里中心及九龙湾MegaBox;另有物流、货运以及货仓业务。

香格里拉（亚洲）（69）48.7%

市值∧：$395.3亿
上市地点：香港
主席：郭孔丞
主要业务酒店营运及管理，旗下拥有六十一间酒店，如香港两间香格里拉大酒店，而以“香格里拉”命名的五星级酒店遍布亚洲、欧洲及澳洲等地。

南华早报集团（583）74%

市值∧：$29.4亿
上市地点：香港
主席：彭定中主要业务出版《南华早报》及其他印刷及电子刊物，如《ELLE》香港版。

豐益国际（SGX:F34）32%

市值∧：$1,256.6亿
上市地点：新加坡
主席：郭孔丰
主要业务粮食、食用油及农产品供应及贸易商，是全球三大粮油集团，旗下金龙鱼食用油驰名中国。

PPB Group（PPB:4065）50.8%

市值∧：$404.5亿
上市地点：马来西亚
主席：拿督胡兆南
主要业务主力农作物种植、面粉、糖及房地产投资。

资料来源：各上市公司年报∧截至本周二（17/9）收市价计

业务重心虽转移香港郭鹤年：没忘根在大马

Saturday 21 September 2013

Most beautiful Corporate Princess Poll 最美丽企业公主投票

Our Corporate Princess Series has been until Series no 7. The series will be continue.

However, we will run a poll on 9 person that we have covered earlier first.

Reader will able to vote a Most beautiful Corporate Princess among 9 person at our facebook page

https://www.facebook.com/AseanTradingLink/photos_stream with the following term and condition :

1 Just "like" on the person photo that you want to vote on our photo album.
2 Result might combined vote from other forum like Cari.com.my or investalk if poll conducted in various forum.
3 However, only those who vote on AseanTradingLink facebook fan page entitled for lucky draw.
4 Winner only able to "like" one person on AseanTadingLink facebook fan page despite he/she still able to vote on other page, if poll conducted in other page like caricom.my or investalk. Those who "like" more than one person on AseanTradingLink facebook fan page might be disqualified from lucky draw.
5 Only those who vote the highest corporate princess with combined result of various website entitled for lucky draw for one mytery gift to be announced later

6 Total vote received must be over a 100 vote on AseanTradingLink facebook fan page for lucky draw to be conducted. Lucky draw might not be held if total vote received lesser than 100 vote on AseanTradingLink facebook fan page. Thus, Please spread the word around so that total vote received will be over 100 vote on aseanTradingLink facebook fan page.
7 Mystery gift for Lucky draw sponsor by Monique Beauty Store and the specific gift will be announced later..

vote Most Beautiful Corporate Princess on photo album of https://www.facebook.com/AseanTradingLink/photos_stream

辛 Asean Trading Link

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Tuesday 29 October 2013

GST Vs SST 消費稅Vs銷售及服務稅

Friday 18 October 2013

Samudra get Petronas project in Myanmar 东洋工程获国油2合约处理缅甸探勘油管

Monday 14 October 2013

Soh Chee Wen involved in 3 designated stock in SGX 苏启文牵扯新加坡交易所股价3“指定股”暴跌停牌

南洋商报 : 亚昇投资大马股东否认与苏启文有关联

Tuesday 8 October 2013

Company related to Dian Lee suspended by Singapore Stock Exchange after plunge 李静霖有关连公司在新加坡跌停板

Saturday 28 September 2013

Two Jeffrey Cheah Professorships of South-East Asia Studies (SEA) at Harvard University 谢富年基金会捐赠美国哈佛大学设立东南亚研究所

设8个专业研究机构广西打造中国－东协智库

Sunday 22 September 2013

Robert Kuok succession planning crisis 2 传郭家三房争产1220亿

传郭家三房争产1220亿

Saturday 21 September 2013

Most beautiful Corporate Princess Poll 最美丽企业公主投票

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Tuesday 29 October 2013

Friday 18 October 2013

Monday 14 October 2013

南洋商报 : 亚昇投资大马股东 否认与苏启文有关联

Tuesday 8 October 2013

Saturday 28 September 2013

Sunday 22 September 2013

传郭家三房争产1220亿

Saturday 21 September 2013

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南洋商报 : 亚昇投资大马股东否认与苏启文有关联