[IOIPG] Chairman RETIREMENT - TAN SRI DATO' LEE SHIN CHENG on 31-May-2019

Announcement Date
31-May-2019
Board Member Information:
Date of Change
03-Jun-2019
Type of Change
RETIREMENT
Designation
Chairman
Directorate
Executive
Age
80
Gender
Male
Nationality
Malaysia
Working Experience
Qualification:-
Honorary Doctorate Degree of Doctor of Science, Universiti Malaya
Honorary Doctorate Degree in Agriculture, Universiti Putra Malaysia

Working Experience:-
Tan Sri Dato' Lee Shin Cheng is the Executive Chairman and founder of IOI Group. Tan Sri Lee is an entrepreneur with considerable experience in the plantation and property development industries. He is pivotal to the operations of IOI Group, having founded the plantation and property businesses more than 25 years ago. Through his entrepreneurial leadership and stewardship, strategic vision, guidance, wisdom as well as his vast experience, IOI Group has grown in tandem to become one of the leading plantation and property groups in Malaysia. 

Honorary President of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCIM)
Council Member of the East Coast Economic Region Development Council for the Government (ECERDC) from 2008 to 2014
Fellowship of the Incorporated Society of Planters (FISP) 
Honorary Fellowship of the Malaysian Oil Scientists and Technologists Association (MOSTA)
Family Relationship
Tan Sri Dato' Lee Shin Cheng is a majority shareholder of the Company and also the father of Dato' Lee Yeow Chor, Lee Yeow Seng and Lee Yoke Har.
Conflict of Interest
No
Interest
Currently, Tan Sri Dato' Lee Shin Cheng holds 171,669,700 ordinary shares (direct interest) and 3,407,212,241 ordinary shares (indirect interest) in the Company. 

The indirect interest of 3,407,212,241 ordinary shares is deemed interested by virtue of his interests in Vertical Capacity Sdn Bhd and shares held by his sons, Dato' Lee Yeow Chor and Lee Yeow Seng  under Section 8 of the Companies Act 2016 (the "Act") and also interest in shares of his daughters, Lee Yoke Ling, Lee Yoke Hean and Lee Yoke Hui under Section 59(11)(c) of the Act.
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