ABOUT nine years ago, KNM Group Bhd chief executive Lee Swee Eng (pic) was easily worth more than RM2bil on paper. That was the time when KNM, a manufacturer of process equipment for the oil and gas (O&G) industry, was the darling of the O&G run and in the news almost every week.
At its height in 2007, the company’s market capitalisation was about RM8bil. His stake of about 26% in the company propelled Lee into Malaysia’s billionaire list.
In mid-2008, a confluence of factors reduced his paper wealth by more than 80%, as the company’s market capitalisation reduced to less than RM1.5bil.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
At its height in 2007, the company’s market capitalisation was about RM8bil. His stake of about 26% in the company propelled Lee into Malaysia’s billionaire list.
In mid-2008, a confluence of factors reduced his paper wealth by more than 80%, as the company’s market capitalisation reduced to less than RM1.5bil.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment