Kian Chong’s 57.5% deemed interest in Oriental Holdings is held via the family’s privately-owned companies – Boon Siew Sdn Bhd, Penang Yellow Bus Company Bhd, Bayview Hotel Sdn Bhd, Loh Boon Siew Holdings Sdn Bhd and Loh Kar Bee Holdings Sdn Bhd. Last June, the automotive business through the car assembly and automotive parts manufacturing unit, Oriental Assemblers Sdn Bhd, was sold to Berjaya Assets Bhd for RM32.5mil. Oriental Holdings’ Kah Motor Sdn Bhd was the sole distributor of Honda cars until July 2001 when the franchise was taken over by DRB Oriental Honda Sdn Bhd. It was his late father, Tan Sri Tan Yuet Foh and uncle Datuk Tan Kim Hor, who co-founded the Tan Chong group. Separately, Tan and family also hold 7.2% in Tan Chong Motor, APM (12.5%), Warisan (17.1%) and Tan Chong International (20.6%).

Source: The Star February 03, 2017 23:03 UTC