Founder of Kim Eng has died and has been buried but it was very quiet. I wonder if this is due to family feud ?
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Ms Gloria Lee, our establishment 阿姑 uplorry
- Thread starter ChinaCommunistSG
- Start date
@CoffeeAhSoh lai lai lip lai, pls share obituary screenshot
If you know these familiee, it’s all about money and power, you die your own biz.
Ms Lee stepped down as chairman and a director of Kim Eng Holdings in 2008, at the age of 82, passing the helm to her son Ronald Ooi Thean Yat.
Why her son is not Lee ?
Why her son is not Lee ?
Kim Eng founder Gloria Lee dies, aged 97
Mia Pei
Sep 06, 2023 04:16 PM
GLORIA Lee, born Woo Sau Yin, was put to rest following a private funeral last Friday (Sep 1).
Her quiet passing belies a high-profile career in Singapore’s stock market.
Lee founded stock brokerage Kim Eng Holdings, which was sold to Malaysia’s Maybank in 2011.
In what was then a male-dominated world, her story was an unlikely one.
A former air stewardess who became a housewife, Lee told The Straits Times in 1998 that she went into the broking industry because her doctor had ordered her to keep out of the sun and stop playing so much golf.
“I went into stockbroking to escape the sun,” she said.
She started off in the dealing room of the now-dissolved Robert Wee & Co in the late 1960s. In 1972, she made history as the first woman who bought a seat at the stock exchange, with S$700,000 in savings and bank loans.
She named her firm Kim Eng – “Kim” after her late husband Dennis Lee Kim Yew, and “Eng” from the name of a family friend.
Her husband was a founding partner in the law firm Lee & Lee, and the younger brother of former prime minister Lee Kuan Yew.
Kim Eng became Singapore’s first listed broker in 1990.
Its public offering attracted S$23 billion in subscriptions for an offering of S$29.3 million.
The company expanded from Singapore and Malaysia to Thailand, the Philippines, Indonesia, Vietnam, and India, becoming a household name in the stockbroking industry of the region.
Lee stepped down as chairman and a director of Kim Eng Holdings in 2008, at the age of 82, passing the helm to her son Ronald Ooi Thean Yat.
Maybank later acquired Kim Eng for US$1.4 billion. The company was taken private and rebranded as Maybank Kim Eng.
The Kim Eng name was dropped in 2021, however, concluding the brokerage’s history in Singapore. HSBC
Our establishment has to call her 阿姑。 correct ?
Death the leveller. Whatever money you make in your living years, you will never take with you when you lie in a coffin.
Nobody remembers a stock broker but everyone remembers a humanitarian like Teresa Hsu or someone like Steve Jobs for the good they do and contributions to this world.
Nobody remembers a stock broker but everyone remembers a humanitarian like Teresa Hsu or someone like Steve Jobs for the good they do and contributions to this world.
Tiagong , from her 1st marriage.
The media-shy Ronald started working in Australia, in PriceWaterhouse Sydney, before joining the securities industry. He became director of Kim Eng Securities Pte Ltd (KES), a wholly owned subsidiary of Kim Eng, in 1979.
He took over the reins from his mother when she retired as chairman in 2008. Ronald became the chairman and CEO of Kim Eng in August 2008.
Looking at his family’s history with Kim Eng, it is not surprising that he will be staying on after the sale of the stockbroking house to Maybank.
Industry observers describe Ronald as someone who “loves the business very much”.
Kim Eng’s success was very much a concerted family effort. Besides Ronald, Gloria’s other son, Douglas Ooi, also worked in the broking house. Douglas, a former managing director of Kim Eng Securities, retired in 1998.
In January 1990, Kim Eng became the first brokerage to be listed on the Singapore Exchange. According to reports, the IPO attracted over 240,000 investors seeking a slice of the company pie when the shares were put up for sale at S$0.65 each.
After its listing, Kim Eng built a network and reach that has made the group a regional financial powerhouse.
Today, apart from its home ground of Singapore, Kim Eng also has a large operation in Thailand where it is the biggest foreign broker in terms of market share. It is also active in the Philippines and Indonesia.
The broker also has an active presence in Hong Kong, Vietnam, New York, London and India.
Kim Eng has certainly become a household name in the stockbroking industry in this part of the region. What lies ahead for it, following its merger with Malaysia’s largest bank – Maybank — and the exit of its founding family as shareholders, will be a whole new chapter in its history.
This article appeared in Corporate, The Edge Malaysia, Issue 841, Jan 17-23, 2011
He took over the reins from his mother when she retired as chairman in 2008. Ronald became the chairman and CEO of Kim Eng in August 2008.
Looking at his family’s history with Kim Eng, it is not surprising that he will be staying on after the sale of the stockbroking house to Maybank.
Industry observers describe Ronald as someone who “loves the business very much”.
Kim Eng’s success was very much a concerted family effort. Besides Ronald, Gloria’s other son, Douglas Ooi, also worked in the broking house. Douglas, a former managing director of Kim Eng Securities, retired in 1998.
In January 1990, Kim Eng became the first brokerage to be listed on the Singapore Exchange. According to reports, the IPO attracted over 240,000 investors seeking a slice of the company pie when the shares were put up for sale at S$0.65 each.
After its listing, Kim Eng built a network and reach that has made the group a regional financial powerhouse.
Today, apart from its home ground of Singapore, Kim Eng also has a large operation in Thailand where it is the biggest foreign broker in terms of market share. It is also active in the Philippines and Indonesia.
The broker also has an active presence in Hong Kong, Vietnam, New York, London and India.
Kim Eng has certainly become a household name in the stockbroking industry in this part of the region. What lies ahead for it, following its merger with Malaysia’s largest bank – Maybank — and the exit of its founding family as shareholders, will be a whole new chapter in its history.
This article appeared in Corporate, The Edge Malaysia, Issue 841, Jan 17-23, 2011
Number 2
But newspapers never say it is a second marriage
very little mentioned in the Obituary.
Ronald , Douglas and Lee not mentioned.
So they are not considered as Lee family even though Ms Woo was married to Mr Lee ?very little mentioned in the Obituary.
Ronald , Douglas and Lee not mentioned.
definitely not a typo error.
how about Mr Lee real children ? 有吗？
Condolence to ger family. RIP
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