Bullshit of the year: 3 finance bros quit banking jobs to carry on father's Nam Kee Chicken Rice legacy in Upper Thomson

[Merl Haggard]

Hmm.... really? I think your information is wrong.


Biography

Discovering Wee Cho Yaw’s Life​

Overview​

Wee Cho Yaw is a Singaporean billionaire and the chairman of United Overseas Bank (UOB), one of the largest banks in Southeast Asia. He is known for expanding UOB’s presence beyond Singapore and into other countries in the region. Wee is also involved in various philanthropic activities and has made significant contributions to education and healthcare in Singapore.

Early Life and Education​

Wee was born on January 10, 1929, in Quanzhou, China, and moved to Singapore with his family at the age of seven. He attended Raffles Institution in Singapore and later studied at the University of Malaya before transferring to the University of Singapore, where he graduated with a Bachelor of Arts in Economics in 1953.

Career and Achievements​

After graduating, Wee joined UOB, which was then a small bank founded by his father. He started off as a clerk and worked his way up to become the bank’s managing director in 1974. Under his leadership, UOB expanded its operations beyond Singapore and into other countries in the region, including Malaysia, Indonesia, Japan, and China.
In 1995, Wee became the chairman of UOB and has since overseen the bank’s growth and expansion. UOB now has a presence in 19 countries and is one of the largest banks in Southeast Asia, with over 500 branches and offices.
Wee is also involved in various other businesses, including property development and hotel management. He is the chairman of United Industrial Corporation and owns several hotels in Singapore, including the iconic Fullerton Hotel.
In addition to his business achievements, Wee has also made significant contributions to the community. He has donated millions of dollars to various causes, including education and healthcare. He was awarded the Order of Nila Utama, Singapore’s second-highest civilian honor, in 2010 for his philanthropic work.

Personal Life​

Wee is married with six children and is known for being a private person. He is a collector of Chinese art and has donated much of his collection to the National Art Gallery of Singapore. He is also an avid golfer and has been known to play with other business and political leaders.

Profile​

Name	Wee Cho Yaw
Born	January 10, 1929
Country	Singapore
Sector	Banking
Companies	United Overseas Bank, United Industrial Corporation
Net Worth	$5.5 billion
Forbes URL	https://www.forbes.com/profile/wee-cho-yaw/

I honestly don't know that he plays golf, but I only know that he's a very good tennis player and he played his tennis at his home at 2 Jalan Asuhan.

This fellow is very healthy and he will definitely live to above 110.

 

[Merl Haggard]

His business tactics and his gangsterism are 2 separate things lah. I only know about the gangster part.

Another prominent & wealthy family he eliminated was Aw Boon Par's descendants; Aw Cheng Chye (had to commit suicide) & Datuk Lee Chee Shan the owners of Chung Khiaw Bank. In 1972 market rumour was that LKY selected Ah Sai (WCY) to take over Chung Khiaw Bank and thereafter UOB's rise was meteoric.

S'pore banks that got taken over by UOB: Chung Khiaw Bank, Lee Wah Bank (Eu Family), Far Eastern Bank (Ng Quee Lam's family), and OUB was the biggest one of them all.

Today Haw Par Ltd (founded by Aw Boon Haw & Aw Boon Par) a blue chip company listed in SES is owned by UOB or UOL.

Dato Lee Chee Shan's widow (Aw Boon Par's daughter) a very glamorous local socialite ended up living and passed away in a HDB flat in Yishun.

 

[Merl Haggard]

In Singapore if you're rich, don't fight the super-rich and the super-rich should not fight the government.

 

[tobelightlight]

In Singapore if you're rich, don't fight the super-rich and the super-rich should not fight the government.

Why not? If the govt such as the useless one we ha e now, should be removed.

 

[Hightech88]

Technically, 'licensed' money lenders aka Ah Long. is also a bank...LOL.

 

[Scrooball (clone)]

Technically, 'licensed' money lenders aka Ah Long. is also a bank...LOL.

if u say so. Haha

 

[Papsmearer]

I honestly don't know that he plays golf, but I only know that he's a very good tennis player and he played his tennis at his home at 2 Jalan Asuhan.

This fellow is very healthy and he will definitely live to above 110.

Bro, he is a big time golfer. But all his golfing kakis one by one die off already. He and Old Fart were inseparable on the golf course. U can ask anyone who knows. I would venture to say at his age, golf is less strenuous then tennis. Maybe he is still playing it if his hips have not given out. We just don't know. But he use to conduct a lot of business on the golf course.

 

[Papsmearer]

In Singapore if you're rich, don't fight the super-rich and the super-rich should not fight the government.

The super rich do not fight the govt. They do not need to. all they do is place a call to someone they know in the govt and the issue is resolve and the govt official involved will hanta kaki long time.

 

[Papsmearer]

..examples of Gangster part ?

one time when he was feuding with Allan Ng, he used to call Allan's personal number at all times of the night to harass him. Sound like Ah Long to you? How he got Allan's personal number, no one knows. But use to harass him with these phone calls, just like those Ah Long harass people who owe them money. Allan managed to trace the calls to Wee's personal residence. LOL. So, guess who is making the harassing calls? Does this sound like a respected banker or a gangster?

 

[eatshitndie]

The super rich do not fight the govt. They do not need to. all they do is place a call to someone they know in the govt and the issue is resolve and the govt official involved will hanta kaki long time.

in fact the super rich will need to keep the gov that protects their wealth.

 

[Rabbit7]

..does anyone remember the rivalry bewween the Teochew-OUB & Hoikkien-UOB ?

Danabalan & the Dogs at Goldman Sachs (??) under the blanket of DBS, tried to hostile byt OUB ?

Cho Yaw put aside decades of animosities,..walked across the road from his office to Ying Chow's,...had tea ??,.. chit chat & the billion$$$ deal was settled om-the-spot ?

is the above narrative, accurate ?

What was the real reason he was wanted by the Philippines Authorities ?

Anyone dare to share some of his other interesting stories ?

 

[Papsmearer]

in fact the super rich will need to keep the gov that protects their wealth.

The super rich don't need to do that. If the day comes when they cannot get along with the govt or vice versa. They simply move to another country. Their wealth are almost never all in one country. They know that the govt of the day might be helping them accumulate wealth, but the next govt might be taking it away. When they leave their country, they almost certainly have wealth in other countries that they can easily access.

 

[Papsmearer]

..does anyone remember the rivalry bewween the Teochew-OUB & Hoikkien-UOB ?

Danabalan & the Dogs at Goldman Sachs (??) under the blanket of DBS, tried to hostile byt OUB ?

Cho Yaw put aside decades of animosities,..walked across the road from his office to Ying Chow's,...had tea ??,.. chit chat & the billion$$$ deal was settled om-the-spot ?

is the above narrative, accurate ?

What was the real reason he was wanted by the Philippines Authorities ?

Anyone dare to share some of his other interesting stories ?

He was wanted by the Philippines Authorities because he was summon to their House of Representatives (Like our Parliament) to explain the deal in which UOB bought Westmount bank. And he never showed up. LOL Smart move, knowing the peenoise, they would have imprisoned him. It was typical shady banking deal between tycoons. One one hand, the family of former Peenoise senator Edgardo Espiritu who owned Westmount, and on the other hand Wee. The minority shareholders were complaining because they were left out of the deal. That;s tough shit, happens all the time. But this time, some minority shareholders either 1) bribed the legislative assembly to investigate 2) Some of the politicians doing the investigating were minority shareholders.

 

[Rabbit7]

He was wanted by the Philippines Authorities because he was summon to their House of Representatives (Like our Parliament) to explain the deal in which UOB bought Westmount bank. And he never showed up. LOL Smart move, knowing the peenoise, they would have imprisoned him. It was typical shady banking deal between tycoons. One one hand, the family of former Peenoise senator Edgardo Espiritu who owned Westmount, and on the other hand Wee. The minority shareholders were complaining because they were left out of the deal. That;s tough shit, happens all the time. But this time, some minority shareholders either 1) bribed the legislative assembly to investigate 2) Some of the politicians doing the investigating were minority shareholders.

..Thanks for Sharing.

Wonder which company has more descendants, ..the Wees, Lees, Shars or the Eu's ?


The Descendents of the Teo Family have been quietly sweeping up en-bloc properties in SG, yes/ no ?

Ethinic Indian Families, the Takrals, Shankars,.. and the acccunting-split-Royal Brothers,.. How big are their Family Clan ?

Super-Rich Malay Families ? Alsagoff,.. Marican ??,... the latest being Harimau Yacult ?

Will a Super Family soon, buy over a troubled Bank ?

 

[Papsmearer]

..Thanks for Sharing.

Wonder which company has more descendants, ..the Wees, Lees, Shars or the Eu's ?


The Descendents of the Teo Family have been quietly sweeping up en-bloc properties in SG, yes/ no ?

Ethinic Indian Families, the Takrals, Shankars,.. and the acccunting-split-Royal Brothers,.. How big are their Family Clan ?

Super-Rich Malay Families ? Alsagoff,.. Marican ??,... the latest being Harimau Yacult ?

Will a Super Family soon, buy over a troubled Bank ?

All these families you mentioned are peanuts compared to some of the China and Western Billionaires the Pigs Are Pigs have let in.

 

[Charlie99]

I honestly don't know that he plays golf, but I only know that he's a very good tennis player and he played his tennis at his home at 2 Jalan Asuhan.

This fellow is very healthy and he will definitely live to above 110.

Not likely to be beyond 100
SInce he has the financial resources to have the best food and medical care, and probably good genes, he may live till age 100.

 

[eatshitndie]

uob can’t lose. weeeeeee.
sentosa cove case.
june 2021.
uob loses suit against lippo.
https://www.businesstimes.com.sg/co...gainst-lippo-over-claims-inflated-loans-plans
oct 2022.
uob wins appeal against lippo.
https://www.straitstimes.com/busine...nflated-purchase-prices-of-sentosa-cove-condo

 

[Papsmearer]

uob can’t lose. weeeeeee.
sentosa cove case.
june 2021.
uob loses suit against lippo.
https://www.businesstimes.com.sg/co...gainst-lippo-over-claims-inflated-loans-plans
oct 2022.
uob wins appeal against lippo.
https://www.straitstimes.com/busine...nflated-purchase-prices-of-sentosa-cove-condo

The bottom line is that the 2 main investors using straws to buy the units were I believe Indonesians. So, if Lippo themselves will not finance these guys and let them use UOB, means the whole business stinks from day one. 2 banking tycoons Mochtar Riady VS Wee CY. Wee with his PAP connections sure to win lah.

 

[Charlie99]

Good morning [papsmearer]

 

[Merl Haggard]

The bottom line is that the 2 main investors using straws to buy the units were I believe Indonesians. So, if Lippo themselves will not finance these guys and let them use UOB, means the whole business stinks from day one. 2 banking tycoons Mochtar Riady VS Wee CY. Wee with his PAP connections sure to win lah.

I remember this case was a conspiracy involving 2 agents from ERA and Lippo who got stuck with this development.

I was surprised that Ah Sai lost the first round.