Singapore Billionaire Family with $9.2 Billion Fortune Khoo Teck Puat Estate Donates $135 Million to Singapore Public Healthcare Institution SingHealth, Khoo Teck Puat (Died 2004) Family Owns Goodwood Group of Hotels, Khoo Teck Puat Started Career in OCBC at Age 17 in 1933 & Left in 1959 Due to Differences in Strategy with Then-OCBC Managing Director Tan Chin Tuan, Started Malayan Bank (Maybank) in 1960 & Ousted in 1965 for Allegedly Transferring Bank’s Money into His Private Company in Singapore, Alleged in 1986 by Brunei Sultan to Use £300 Million from Brunei National Bank, His Son Khoo Ban Hock Sentenced to 2-Year Jail Term in Brunei, Khoo Teck Puat Become Single Largest Shareholder of Standard Chartered Bank with Nearly 15% Stake after Acquiring 5% Stake in 1986 as White Knight to Prevent Hostile Takeover by Lloyds Bank, Died in 2004 from Heart Attack, Standard Chartered Bank 11.5% Stake Sold to Singapore Temasek in 2006, Khoo Teck Puat Has 4 Sons & 11 Daughters (Mavis Khoo, Elizabeth Khoo, Jacqueline Khoo, Jennifer Khoo, Margaret Khoo, Lucy Khoo Bee Lay, Khoo Bee Lian, Khoo Bee Leng, Khoo Bee Keng, Khoo Bee See, Khoo Ban Hock, Khoo Ban Tian, Raymond Khoo Ban Lian & Eric Khoo)
19th January | Hong Kong
Singapore billionaire family with $9.2 billion fortune Khoo Teck Puat Estate has donated $135 million to Singapore public healthcare institution SingHealth. Khoo Teck Puat (Died 2004) family owns the Goodwood Group of Hotels. The late Khoo Teck Puat started his career in OCBC at age 17 in 1933, and left in 1959 due to differences in strategy with then-OCBC Managing Director Tan Chin Tuan. Khoo Teck Puat started Malayan Bank (Maybank) in 1960, and was ousted in 1965 for allegedly transferring the bank’s money into his private company in Singapore. In 1986, Khoo Teck Puat was alleged by Brunei Sultan to have used £300 million from Brunei National Bank. His son Khoo Ban Hock was sentenced to 2-year jail term in Brunei. Khoo Teck Puat become the single largest shareholder of Standard Chartered Bank with nearly 15% stake after acquiring 5% stake in 1986 as a white knight to prevent a hostile takeover by Lloyds Bank. Khoo Teck Puat died in 2004 from a heart attack. In 2006, Khoo Teck Puat family sold Standard Chartered Bank 11.5% stake Singapore Temasek. Khoo Teck Puat has 4 sons & 11 daughters (Mavis Khoo, Elizabeth Khoo, Jacqueline Khoo, Jennifer Khoo, Margaret Khoo, Lucy Khoo Bee Lay, Khoo Bee Lian, Khoo Bee Leng, Khoo Bee Keng, Khoo Bee See, Khoo Ban Hock, Khoo Ban Tian, Raymond Khoo Ban Lian & Eric Khoo).
“ Singapore Billionaire Family with $9.2 Billion Fortune Khoo Teck Puat Estate Donates $135 Million to Singapore Public Healthcare Institution SingHealth, Khoo Teck Puat (Died 2004) Family Owns Goodwood Group of Hotels, Khoo Teck Puat Started Career in OCBC at Age 17 in 1933 & Left in 1959 Due to Differences in Strategy with Then-OCBC Managing Director Tan Chin Tuan, Started Malayan Bank (Maybank) in 1960 & Ousted in 1965 for Allegedly Transferring Bank’s Money into His Private Company in Singapore, Alleged in 1986 by Brunei Sultan to Use £300 Million from Brunei National Bank, His Son Khoo Ban Hock Sentenced to 2-Year Jail Term in Brunei, Khoo Teck Puat Become Single Largest Shareholder of Standard Chartered Bank with Nearly 15% Stake after Acquiring 5% Stake in 1986 as White Knight to Prevent Hostile Takeover by Lloyds Bank, Died in 2004 from Heart Attack, Standard Chartered Bank 11.5% Stake Sold to Singapore Temasek in 2006, Khoo Teck Puat Has 4 Sons & 11 Daughters (Mavis Khoo, Elizabeth Khoo, Jacqueline Khoo, Jennifer Khoo, Margaret Khoo, Lucy Khoo Bee Lay, Khoo Bee Lian, Khoo Bee Leng, Khoo Bee Keng, Khoo Bee See, Khoo Ban Hock, Khoo Ban Tian, Raymond Khoo Ban Lian & Eric Khoo) “
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Mavis Khoo, Trustee of the Estate of Khoo Teck Puat: “We are pleased to have this opportunity to partner SingHealth to shape a healthier future and expand what is possible in care and discovery. My late father would have turned 109 years old today. This gift is our way of honouring his legacy by supporting advancements in healthcare, which was a cause close to his heart, and enabling access to exceptional healthcare for future generations of Singaporeans.”
Professor Ng Wai Hoe, Group Chief Executive Officer, SingHealth: “We are deeply grateful and humbled to receive this transformational $135 million gift, which reflects not only the extraordinary generosity of the Estate of Khoo Teck Puat but more importantly, the tremendous trust they have in our capabilities to unlock the potential of medicine to change lives. The donation is a powerful investment in people, discovery and hope, that will fast-track breakthroughs, spark ideas that generate profound impact and foster a healthier Singapore for the future.”
Singapore Billionaire Family with $9.2 Billion Fortune Khoo Teck Puat Estate Donates $135 Million to Singapore Public Healthcare Institution SingHealth, Khoo Teck Puat (Died 2004) Family Owns Goodwood Group of Hotels, Khoo Teck Puat Started Career in OCBC at Age 17 in 1933 & Left in 1959 Due to Differences in Strategy with Then-OCBC Managing Director Tan Chin Tuan, Started Malayan Bank (Maybank) in 1960 & Ousted in 1965 for Allegedly Transferring Bank’s Money into His Private Company in Singapore, Alleged in 1986 by Brunei Sultan to Use £300 Million from Brunei National Bank, His Son Khoo Ban Hock Sentenced to 2-Year Jail Term in Brunei, Khoo Teck Puat Become Single Largest Shareholder of Standard Chartered Bank with Nearly 15% Stake after Acquiring 5% Stake in 1986 as White Knight to Prevent Hostile Takeover by Lloyds Bank, Died in 2004 from Heart Attack, Standard Chartered Bank 11.5% Stake Sold to Singapore Temasek in 2006, Khoo Teck Puat Has 4 Sons & 11 Daughters (Mavis Khoo, Elizabeth Khoo, Jacqueline Khoo, Jennifer Khoo, Margaret Khoo, Lucy Khoo Bee Lay, Khoo Bee Lian, Khoo Bee Leng, Khoo Bee Keng, Khoo Bee See, Khoo Ban Hock, Khoo Ban Tian, Raymond Khoo Ban Lian & Eric Khoo)
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