Koon Yew Yin's Blog

My friendship with Tan Sri Ahmad Azizuddin - Koon Yew Yin

Koon Yew Yin
Publish date: Mon, 20 Dec 2021, 09:19 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

If you Google “Tan Sri Ahmad Azizuddin” you can read so many articles written about Ahmad’s achievement during his long lifetime. My purpose of writing this piece is to record my memory of my long and happy friendship with him. Ahmad passed away on 15 December.

My old collegemate and business partner Dato Yap Lim Sen and I rushed down as soon as we heard that Ahmad’s body was lying in Kelana Jaya Mosque. Luckily, we managed to reach in time to see him just before he was covered up for burial ceremony.  

This photo below was taken about 5 years ago just before he had a stroke and went into coma. He was in a coma for about 5 years before he passed away.     

Ahmad was my regular golf kaki

For many decades Ahmad and I used to play golf in Royal Perak Golf Club every morning. After golf we used to play Jim Rumi. At that time, I have a 2-storey house in London and I took Ahmad to play golf in all the famous golf courses in UK including St. Andrews, Scotland where golf was originated. It is every golfer’s dream to play golf in St. Andrews.  

Ahmad was my business partner  

In the early 1960s Dato Yap and I started doing business when Ahmad was the Senior Inspector of Mine for north Malaya. He was stationed in Ipoh. We invited him to join us in doing business. We registered 3 companies, namely Malayan Building Development Sdn Bhd (MBD), Malayan Engineering Development Sdn Bhd. (MED) and Mudajaya Construction Sdn Bhd.

IJM Corporation Bhd

To cut the story short, MBD expanded and eventually became IGB which bought up Mudajaya and another company called Jurutama and listed IJM Corporation Bhd. As I said to cut the story short, you can see the photos of the founders of IJM namely Yap Lim Sen, Koh Boon Chor, Ahmad, Goh Chye Keat and myself in the photo below.

History of IJM Planation

I was one of the co-founders of IJM Planation. The history of the Group dates back to its humble beginnings in 1985 when it first ventured into a land-bank of 4,000 hectares in Desa Talisai estates in Sabah, Malaysia. The Group's oil palm plantations spanning a total land area of approximately 60,981 hectares are located in Sabah, East Kalimantan and Sumatra. 

On June 11, KLK acquired the 56.2% stake at RM3.10 per share from IJM Corp for a total of RM1.53 billion. 

Currently Tan Sri Krishnan Tan who was our accountant before, is now the Chairman of IJM Corp.

MBM Resources

 As I said earlier, we founded Malayan Engineering Sdn Bhd (MED) to sell motor spare parts originally. At that time Mara had buses running in most of towns and villages and Mara was our biggest customer. When Dr Mahathir heard that Mara wanted to joint venture with MED, he complained that MARA should not JV with Chinese but instead should JV with Malays. Dr Mahathir formed a company called Bumicar. As a result, the 3 companies joined together and founded MED Bumicar MARA (MBM).

As soon as became Prime Minister, he sold all his share in MBM to Ahmad.   

While MBM was selling motor spare parts, it also imported small cars from Mitsubishi for sale. We explained to Dr Mahathir the advantages of the assembly the cars locally instead of importing them from Japan. He agreed and gave MBM the assembly licence. That was how Perodua originated.

We listed MBM and named it MBM Resources and MBM is holding 49.5% of the listed company.  

     

 

 

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Discussions
1 person likes this. Showing 15 of 15 comments

calvintaneng

Interesting story

The first Perodua kancil 660 cc was the rehatched Daihatsu Mira from Japan

The first Proton Saga was the Mitsubishi Lancer F from Japan

Both sold like hot cakes due to import substitution in early days until they went out of fashion and people wanted higher quality and value

2021-12-20 09:27

Bruce88

Good to listen to some founder companies's stories !

2021-12-20 09:28

ykloh

I thought KYY was writing about TS Ahmad in this article. He is actually writing about himself.

2021-12-20 10:48

ahbah

The story showed kyy is also a great business man.

2021-12-20 12:11

calvintaneng

Post removed.Why?

2021-12-20 13:31

calvintaneng

Post removed.Why?

2021-12-20 13:34

Tobby

Yeah, his promotion will begin soon! First brag about his IJM days! Then brag about how charitable he is! And soon, you know i know what's coming!

2021-12-20 23:12

Tobby

Oh, i miss out on bashing MCA!

2021-12-20 23:13

calvintaneng

Missed ijmplant still got these 3 Champions

1) TAANN
2) TSH RESOURCES
3) SOP

Better don't miss now and regret again!

2021-12-21 12:35

arlaxeat

niamah need to show off how successful you are meh cipet

2021-12-21 13:17

EyeShield21

So, buy or not buy?

2021-12-21 16:13

Trader2

No brain to decide... or prefer to blame someone for your loss or bad position later...??

2021-12-22 12:08

Musang King

Looks like That Mahathir never wish to do biz with any Chinese in the first place. I simply do not understand why so many Chinese Dogs still not abandon him?

2021-12-22 15:50

Musang King

Seems That Mahathir Kutty is really a Kutty, Depan cakap lain, balakang buat lain.

2021-12-22 15:51

Want2MakeMoney

Number 1 in Malaysia in main belakang

2021-12-22 15:53

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