Lim Kang Hoo (Chinese: 林刚河, born 1956) is a Malaysian businessman and investor.[1] He is the founder, chairman and chief executive of Iskandar Waterfront Holdings and Ekovest Berhad.[2] Both corporations manage infrastructure construction projects, as well as mega property development.[3] Tan Sri Lim is also linked to other public listed companies in directorial roles; PLS plantations, holding 40,000 acres in palm oil plantations and Knusford Berhad and Tebrau Teguh Berhad.[4][5]
In 2014, Forbes estimates his stake in Ekovest – a construction firm for mid-sized infrastructure projects in the Klang Valley, and the construction vehicle for its Iskandar region developments – at US$1.1 billion, ranking him on the Malaysian Forbes Richest List.[6] Later, in 2015, Forbes further estimated an additional stake in Iskandar Waterfront Holdings to be worth US$925 million.[7]
In January 2016, Tan Sri Lim succeeded on a bid on the Bandar Malaysia project worth $1.7 billion (RM 7.41 billion) [8][9] The Joint Venture partners are dedicated to developing an underground city project spanning over 15 years with a gross development value of US$53 billion.
Tan Sri Lim is referred as 'helicopter-man' by the locals as he frequently commutes between his office in Kuala Lumpur and his project birthchild, Iskandar Malaysia privately via his rotorcrafts.[10] Tan Sri Lim's Ekovest Berhad is also the 2016 sponsor for the Kuala Lumpur National Football Association.
A company that Lim co-founded, Ekovest, is known for its involvement of the construction of the Petronas Twin Towers, Kuala Lumpur International Airport, and main buildings within Putrajaya, the country's federal administrative centre. Other projects include highway construction projects e.g. DUKE highway, and its successive phases.
Iskandar Waterfront Holdings
Iskandar Waterfront Holdings has a gross development value of RM 125 billion ($44 billion) in projects on the 4,000+ acres of land in the Iskandar region.[11] Past collaborative investors in the Iskandar region include billionaires Robert Kwok, Peter Lim, Jeffery Cheah, as well as few of the largest real estate development companies from China (Country Garden Holdings, Greenland) and Australia.[7]
On the west side of Iskandar, Tan Sri Lim has plans to convert Johor Bahru into a waterfront destination with cruise terminals, marina, residences, offices, hotels and convention centers.[12] Here he has sold land to one of the top developers in China, Country Garden. Most of the current projects are being developed in a joint venture with his company, Iskandar WaterFront Holdings, in which he holds 60%, and has been scheduled for its initial public offering (IPO).[13]
According to The Star, through this IPO, Iskandar Waterfront Holdings was "hoping to lock in some global names in the property and investment world as cornerstone investors" with procedural preparations nearing completion.[14] It has been reported that the timing of the IPO has been delayed due to currently unfavourable market conditions - fears of a weakening market.[15]
According to an article published in Deal Street Asia, Iskandar Waterfront is looking to revisit its IPO plans in 2016, with a potential dual listing in Kuala Lumpur as well as in Hong Kong.[16]
Bandar Malaysia
Tan Sri Lim's recent[17] award on his bid for Bandar Malaysia - a joint venture with China Railway Engineering Corporation (M) Sdn Bhd is dedicated to developing an underground city project spanning over 15 years,[18] with a gross development value of RM 150 billion ($53 billion)[19]
On 23 March 2016, Tan Sri Lim announced the expected launch of Phase 1 of Bandar Malaysia (GDV US$37.2 billion) for 2017. CREC simultaneously announced their commitment to consolidate operations at a US$2 billion regional centre within the first phase of Bandar Malaysia.[20] The Joint Venture partners are expected to place a joint bid for the US$9.91 billion High Speed Rail project - connecting Thailand, Kuala Lumpur and Singapore.[21]
Awards and recognition
In 2012, Tan Sri Lim was recognized by Brand Laureate as the Property Man of the year.[22]
In 2014, Tan Sri Lim was dubbed a member of the "ASEAN Business Club" among other notable entrepreneurs such as Tan Sri Tony Feranandes, Tan Sri Robert Kuok, Tan Sri Francis Yeoh, Tan Sri Lim Wee-Chai and Tan Sri Leong Hoy Kum. The ASEAN Business Club members are ambassadors advocating growth of regional networks and the forum serves to 'share-knowledge' among global and regional leaders.[23]
In 2015 at the 22nd Fiabci Property Awards, Tan Sri Lim was dubbed the property man of the year award.[24]
Also in 2015, Tan Sri Lim was recently conferred a Lifetime Achievement Award in China recognising individuals distinguishing themselves in government, business and civic. Previous recipients of the ward include Prime Minister Datuk Seri Najib Tun Razak, YTL Corp chairman Tan Sri Yeoh Tiong Lay, Berjaya Group Founder Tan Sri Vincent Tan, Genting Malaysia chairman Tan Sri Lim Kok Thay and former CEO of SP Setia Group Tan Sri Liew Kee Sin.[25]
^"Asean Business Club". Retrieved 4 February 2016.
^"Bloomberg; Lim Kang Hoo". Retrieved 8 February 2016.
^Tan, Jessica (26 February 2014). "Malaysia's 50 richest - The road to Iskandar". Forbes Asia. Retrieved 6 February 2016.
^"Knusford to ride on interest in Lim Kang Hoo". The Edge Property. 8 February 2012. Retrieved 6 February 2016.
^Wong, Wei-Sheng (2 January 2016). "Lim's company may draw interest". The Star Malaysia. Retrieved 2 February 2016.
^Jetley, Neerja (28 May 2014). "Malaysia's Newest Billionaire mints money from reclaiming land and selling dreams". Forbes Asia. Retrieved 20 January 2016.
^ abJetley, Neerja (28 May 2014). "Malaysia's Newest Billionaire mints money from reclaiming land and selling dreams". Forbes Asia. Retrieved 3 February 2016.
^Ramasamy, Manirajan (31 December 2015). "1MDB to sell Malaysian property project stake for $1.7 billion". Bloomberg Business. Retrieved 8 February 2016.
^"Real estate project stake sale likely to boost property sector". Nikkei Asian Review. Retrieved 5 January 2016.
^"Future Plans of Master Developer". The Star. 8 December 2012. Retrieved 8 February 2016.
^"Lim Kang Hoo". Forbes Asia. Retrieved 10 January 2016.
^Ahmad, Reme (15 May 2015). "$928 million plan to turn Johor Baru river into tourist destination". The Straits Times. Retrieved 8 February 2016.
^"IWH paves way in Johor Bahru for waterfront city of the future". South China Morning Post. Retrieved 2 January 2016.
^Wong, Wei-Shen (15 February 2013). "Iskandar Waterfront IPO hopes to lock in some global property, investment names". The Star. Retrieved 22 January 2016.
^"Iskandar Waterfront IPO postponed indefinitely". The Edge Property. Retrieved 13 January 2016.
^Lee, Liz (5 February 2016). "Malaysia: IWH revisiting IPO plans, possible dual listing in MY, HK". Deal Street Asia. Retrieved 21 February 2016.
^Kok, Cecilia (8 December 2015). "Kang Hoo puts deposit". The Star Online. Retrieved 8 February 2016.
^. The Malaysian Insider. Archived from the original on 29 December 2015. Retrieved 29 December 2015.
^Shukry, Anisah (31 December 2015). . The Malaysian Insider. Archived from the original on 4 February 2016. Retrieved 20 January 2016.
^Zarinah, Zakariah (23 March 2016). "RM 8 billion Regional Centre". New Straits Times. Retrieved 24 March 2016.
^Ali, Sharidan (23 March 2016). "Joint Bid for HSR". The Star. Retrieved 24 March 2016.
^"Top 2013 Man of the Year". Brand Laureate. 6 October 2013. Retrieved 2 January 2016.
^"2014 ASEAN Business Club". Asean Business Club. 6 March 2014. Retrieved 15 January 2016.
^"Fiabci 2015 Property Man". The Edge. 6 November 2015. Retrieved 5 January 2016.
^"Lim receives lifetime achievement award". The Star Online. 8 December 2014. Retrieved 5 January 2016.
kang, this, chinese, name, family, name, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, sc. In this Chinese name the family name is Lin 林 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 Lim Kang Hoo news newspapers books scholar JSTOR November 2017 Learn how and when to remove this template message Lim Kang Hoo Chinese 林刚河 born 1956 is a Malaysian businessman and investor 1 He is the founder chairman and chief executive of Iskandar Waterfront Holdings and Ekovest Berhad 2 Both corporations manage infrastructure construction projects as well as mega property development 3 Tan Sri Lim is also linked to other public listed companies in directorial roles PLS plantations holding 40 000 acres in palm oil plantations and Knusford Berhad and Tebrau Teguh Berhad 4 5 Yang Berbahagia Tan Sri Dato Lim Kang HooPSM DIMP林刚河Born1955Occupation s Chairman Ekovest Berhad amp Iskandar Waterfront HoldingsLim Kang HooChinese nameTraditional Chinese林剛河Simplified Chinese林刚河Hanyu PinyinLin GangheJyutpingLam4 Gong1 Ho4Hokkien POJLim Kong hoTai loLim Kong hoIn 2014 Forbes estimates his stake in Ekovest a construction firm for mid sized infrastructure projects in the Klang Valley and the construction vehicle for its Iskandar region developments at US 1 1 billion ranking him on the Malaysian Forbes Richest List 6 Later in 2015 Forbes further estimated an additional stake in Iskandar Waterfront Holdings to be worth US 925 million 7 In January 2016 Tan Sri Lim succeeded on a bid on the Bandar Malaysia project worth 1 7 billion RM 7 41 billion 8 9 The Joint Venture partners are dedicated to developing an underground city project spanning over 15 years with a gross development value of US 53 billion Tan Sri Lim is referred as helicopter man by the locals as he frequently commutes between his office in Kuala Lumpur and his project birthchild Iskandar Malaysia privately via his rotorcrafts 10 Tan Sri Lim s Ekovest Berhad is also the 2016 sponsor for the Kuala Lumpur National Football Association Contents 1 Business 1 1 Ekovest Berhad 1 2 Iskandar Waterfront Holdings 1 3 Bandar Malaysia 2 Awards and recognition 3 Honours 4 ReferencesBusiness EditEkovest Berhad Edit A company that Lim co founded Ekovest is known for its involvement of the construction of the Petronas Twin Towers Kuala Lumpur International Airport and main buildings within Putrajaya the country s federal administrative centre Other projects include highway construction projects e g DUKE highway and its successive phases Iskandar Waterfront Holdings Edit Iskandar Waterfront Holdings has a gross development value of RM 125 billion 44 billion in projects on the 4 000 acres of land in the Iskandar region 11 Past collaborative investors in the Iskandar region include billionaires Robert Kwok Peter Lim Jeffery Cheah as well as few of the largest real estate development companies from China Country Garden Holdings Greenland and Australia 7 On the west side of Iskandar Tan Sri Lim has plans to convert Johor Bahru into a waterfront destination with cruise terminals marina residences offices hotels and convention centers 12 Here he has sold land to one of the top developers in China Country Garden Most of the current projects are being developed in a joint venture with his company Iskandar WaterFront Holdings in which he holds 60 and has been scheduled for its initial public offering IPO 13 According to The Star through this IPO Iskandar Waterfront Holdings was hoping to lock in some global names in the property and investment world as cornerstone investors with procedural preparations nearing completion 14 It has been reported that the timing of the IPO has been delayed due to currently unfavourable market conditions fears of a weakening market 15 According to an article published in Deal Street Asia Iskandar Waterfront is looking to revisit its IPO plans in 2016 with a potential dual listing in Kuala Lumpur as well as in Hong Kong 16 Bandar Malaysia Edit Tan Sri Lim s recent 17 award on his bid for Bandar Malaysia a joint venture with China Railway Engineering Corporation M Sdn Bhd is dedicated to developing an underground city project spanning over 15 years 18 with a gross development value of RM 150 billion 53 billion 19 On 23 March 2016 Tan Sri Lim announced the expected launch of Phase 1 of Bandar Malaysia GDV US 37 2 billion for 2017 CREC simultaneously announced their commitment to consolidate operations at a US 2 billion regional centre within the first phase of Bandar Malaysia 20 The Joint Venture partners are expected to place a joint bid for the US 9 91 billion High Speed Rail project connecting Thailand Kuala Lumpur and Singapore 21 Awards and recognition EditIn 2012 Tan Sri Lim was recognized by Brand Laureate as the Property Man of the year 22 In 2014 Tan Sri Lim was dubbed a member of the ASEAN Business Club among other notable entrepreneurs such as Tan Sri Tony Feranandes Tan Sri Robert Kuok Tan Sri Francis Yeoh Tan Sri Lim Wee Chai and Tan Sri Leong Hoy Kum The ASEAN Business Club members are ambassadors advocating growth of regional networks and the forum serves to share knowledge among global and regional leaders 23 In 2015 at the 22nd Fiabci Property Awards Tan Sri Lim was dubbed the property man of the year award 24 Also in 2015 Tan Sri Lim was recently conferred a Lifetime Achievement Award in China recognising individuals distinguishing themselves in government business and civic Previous recipients of the ward include Prime Minister Datuk Seri Najib Tun Razak YTL Corp chairman Tan Sri Yeoh Tiong Lay Berjaya Group Founder Tan Sri Vincent Tan Genting Malaysia chairman Tan Sri Lim Kok Thay and former CEO of SP Setia Group Tan Sri Liew Kee Sin 25 Honours Edit Malaysia Commander of the Order of Loyalty to the Crown of Malaysia PSM Tan Sri 2012 26 Pahang Knight Companion of the Order of the Crown of Pahang DIMP Dato 1998 26 References Edit Asean Business Club Retrieved 4 February 2016 Bloomberg Lim Kang Hoo Retrieved 8 February 2016 Tan Jessica 26 February 2014 Malaysia s 50 richest The road to Iskandar Forbes Asia Retrieved 6 February 2016 Knusford to ride on interest in Lim Kang Hoo The Edge Property 8 February 2012 Retrieved 6 February 2016 Wong Wei Sheng 2 January 2016 Lim s company may draw interest The Star Malaysia Retrieved 2 February 2016 Jetley Neerja 28 May 2014 Malaysia s Newest Billionaire mints money from reclaiming land and selling dreams Forbes Asia Retrieved 20 January 2016 a b Jetley Neerja 28 May 2014 Malaysia s Newest Billionaire mints money from reclaiming land and selling dreams Forbes Asia Retrieved 3 February 2016 Ramasamy Manirajan 31 December 2015 1MDB to sell Malaysian property project stake for 1 7 billion Bloomberg Business Retrieved 8 February 2016 Real estate project stake sale likely to boost property sector Nikkei Asian Review Retrieved 5 January 2016 Future Plans of Master Developer The Star 8 December 2012 Retrieved 8 February 2016 Lim Kang Hoo Forbes Asia Retrieved 10 January 2016 Ahmad Reme 15 May 2015 928 million plan to turn Johor Baru river into tourist destination The Straits Times Retrieved 8 February 2016 IWH paves way in Johor Bahru for waterfront city of the future South China Morning Post Retrieved 2 January 2016 Wong Wei Shen 15 February 2013 Iskandar Waterfront IPO hopes to lock in some global property investment names The Star Retrieved 22 January 2016 Iskandar Waterfront IPO postponed indefinitely The Edge Property Retrieved 13 January 2016 Lee Liz 5 February 2016 Malaysia IWH revisiting IPO plans possible dual listing in MY HK Deal Street Asia Retrieved 21 February 2016 Kok Cecilia 8 December 2015 Kang Hoo puts deposit The Star Online Retrieved 8 February 2016 1MDB to close Bandar Malaysia deal by year end The Malaysian Insider Archived from the original on 29 December 2015 Retrieved 29 December 2015 Shukry Anisah 31 December 2015 1MDB to sell 60 of Bandar Malaysia to Iskandar China group for RM 7 4 billion The Malaysian Insider Archived from the original on 4 February 2016 Retrieved 20 January 2016 Zarinah Zakariah 23 March 2016 RM 8 billion Regional Centre New Straits Times Retrieved 24 March 2016 Ali Sharidan 23 March 2016 Joint Bid for HSR The Star Retrieved 24 March 2016 Top 2013 Man of the Year Brand Laureate 6 October 2013 Retrieved 2 January 2016 2014 ASEAN Business Club Asean Business Club 6 March 2014 Retrieved 15 January 2016 Fiabci 2015 Property Man The Edge 6 November 2015 Retrieved 5 January 2016 Lim receives lifetime achievement award The Star Online 8 December 2014 Retrieved 5 January 2016 a b Semakan Penerima Darjah Kebesaran Bintang dan Pingat Prime Minister s Department Malaysia Retrieved from https en wikipedia org w index php title Lim Kang Hoo amp oldid 1128681571, wikipedia, wiki, book, books, library,
