Thursday, 6 February 2014
About Tambun Indah's MD
It was by chance Teh became a property developer. He was a civil engineer who’d designed and built 100 factories across the country. One was Dell’s assembly plant in Penang (also another in China’s Xiamen). In 1994 Tsai Yung Chuan, a client and Taiwanese businessman who operates an industrial fastener factory in Penang, asked Teh to jointly purchase and develop 101 acres of land in Seberang Perai. Tambun was incorporated with them as equal shareholders. Teh says, “The bank would not have lent me the money [for the parcel] had Mr. Tsai not guaranteed the loan.” In the latest filings Tsai’s shareholding is down to 8.5%, while Teh holds 38.4%, worth $67 million.