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His father, Lee Meng Hin, was a tin-miner who gave the then Malayan economy a boost. His company was passed on to one of his sons, Lee Wan Seng, and the younger Loy Seng worked as an employee during the early years of his life. During the Malayan Emergency, many British firms and trading houses sold off their assets, including rubber plantations at very low prices. Lee saw the opportunity to invest in these lands, subsequently turning them into rubber plantations. With the price of rubber increasing immensely due to industrial rise, he built up his fast blossoming business. Lee founded the company Kuala Lumpur Kepong Berhad, which became and still is one of the leading plantation owning companies in Malaysia.[citation needed]
Lee was a member of Malaysian Chinese Association (MCA), president of Ipoh Municipal Council in 1976, and a senator from 1971 to 1980. From 1978 to 1992, he was the president of Perak Chinese Maternity Hospital (a private non-profit hospital that gives free treatment to the poor). He was the chairman of Multi-Purpose Holdings ran into financial difficulties in the mid-1980s, he was invited by MCA to return as a director on a board of prominent Chinese businessmen, headed by "Suger King" Robert Kuok, to restore it back to health. He was known for his philanthropy, and established the Lee Loy Seng Foundation to provide scholarships for Malaysian students to pursue tertiary education. He was also the benefactor of the Lucky Village Old Folks Home in Ipoh.[2]
Lee was awarded the titles of Dato' Seri in 1974, and Tan Sri in 1987.[2]
His sons are considered to be in the top 20 richest people in Malaysia. Lee Oi Hian and Lee Hau Hian jointly have an estimated net worth of US$1.5bil in 2015.[3]
^. Archived from the original on 1 April 2012. Retrieved 24 January 2014.
^ abLeo Suryadinata (2012). Southeast Asian Personalities of Chinese Descent. Singapore: Institute of Southeast Asian Studies. pp. 527–529. ISBN9789814345224. Retrieved 5 March 2015.
^"2015 Malaysia's 50 Richest -#10 Lee Oi Hian & Lee Hau Hian". Forbes. Retrieved 5 March 2015.
^"Semakan Penerima Darjah Kebesaran, Bintang dan Pingat".
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This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages You can help expand this article with text translated from the corresponding article in Chinese February 2023 Click show for important translation instructions Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing Chinese Wikipedia article at zh 李萊生 see its history for attribution You should also add the template Translated zh 李萊生 to the talk page For more guidance see Wikipedia Translation This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Lee Loy Seng news newspapers books scholar JSTOR December 2022 Learn how and when to remove this template message Learn how and when to remove this template message In this Chinese name the family name is Lee 李 Lee Loy Seng simplified Chinese 李莱生 traditional Chinese 李萊生 pinyin Lǐ Laisheng Jyutping Lei5 Loi4 Saang1 Pe h ōe ji Li Lai seng 22 August 1921 22 November 1993 was a Malaysian businessman who grew up in Ipoh Malaysia Yang Berbahagia Tan Sri Dato SeriLee Loy SengPSM SPMP DPMP李萊生Born22 August 1921 1 Menglembu Ipoh Perak Federated Malay StatesDied22 November 1993 aged 72 Nationality MalaysiaLee Loy SengChinese nameTraditional Chinese李萊生Simplified Chinese李莱生TranscriptionsStandard MandarinHanyu PinyinLǐ LaishengYue CantoneseJyutpingLei5 Loi4 Saang1Southern MinHokkien POJLi Lai sengTai loLi Lai singBiography editHis father Lee Meng Hin was a tin miner who gave the then Malayan economy a boost His company was passed on to one of his sons Lee Wan Seng and the younger Loy Seng worked as an employee during the early years of his life During the Malayan Emergency many British firms and trading houses sold off their assets including rubber plantations at very low prices Lee saw the opportunity to invest in these lands subsequently turning them into rubber plantations With the price of rubber increasing immensely due to industrial rise he built up his fast blossoming business Lee founded the company Kuala Lumpur Kepong Berhad which became and still is one of the leading plantation owning companies in Malaysia citation needed Lee was a member of Malaysian Chinese Association MCA president of Ipoh Municipal Council in 1976 and a senator from 1971 to 1980 From 1978 to 1992 he was the president of Perak Chinese Maternity Hospital a private non profit hospital that gives free treatment to the poor He was the chairman of Multi Purpose Holdings ran into financial difficulties in the mid 1980s he was invited by MCA to return as a director on a board of prominent Chinese businessmen headed by Suger King Robert Kuok to restore it back to health He was known for his philanthropy and established the Lee Loy Seng Foundation to provide scholarships for Malaysian students to pursue tertiary education He was also the benefactor of the Lucky Village Old Folks Home in Ipoh 2 Lee was awarded the titles of Dato Seri in 1974 and Tan Sri in 1987 2 His sons are considered to be in the top 20 richest people in Malaysia Lee Oi Hian and Lee Hau Hian jointly have an estimated net worth of US 1 5bil in 2015 3 Honours edit nbsp Malaysia nbsp Commander of the Order of Loyalty to the Crown of Malaysia PSM Tan Sri 1978 4 nbsp Perak Justice of the Peace of Perak JP 1972 5 nbsp Knight Commander of the Order of the Perak State Crown DPMP Dato 1974 6 nbsp Knight Grand Commander of the Order of the Perak State Crown SPMP Dato Seri 1989 7 References edit ipohWorld Archive Search Results Archived from the original on 1 April 2012 Retrieved 24 January 2014 a b Leo Suryadinata 2012 Southeast Asian Personalities of Chinese Descent Singapore Institute of Southeast Asian Studies pp 527 529 ISBN 9789814345224 Retrieved 5 March 2015 2015 Malaysia s 50 Richest 10 Lee Oi Hian amp Lee Hau Hian Forbes Retrieved 5 March 2015 Semakan Penerima Darjah Kebesaran Bintang dan Pingat JP 1972 pingat perak gov my DPMP 1974 pingat perak gov my SPMP 1989 pingat perak gov my nbsp nbsp This business related biographical article from Malaysia is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Lee Loy Seng amp oldid 1193777808, wikipedia, wiki, book, books, library,
