Kuala Lumpur, Malaysia
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Malaysia Billionaire, Founder & ex-Chairman of $5.4 Billion IOI Corporation Lee Shin Cheng with $5 Billion Fortune Niece Eunice Jaymie Tan Engaged to Los-Angeles Born China Singer Jeffrey Kung, Lee Shin Cheng Died in 2019, Founded IOI in 1969 as Industrial Oxygen Inc, IOI is Malaysia Conglomerate with Businesses in Palm Oil & Real Estate, Current Market Value of $5.4 Billion, Family Holdings in IOI Held via Progressive Holdings, Lee Shin Cheng Has 2 Sons & 4 Daughters

23rd May 2025 | Hong Kong

Malaysia billionaire, founder & ex-Chairman of IOI Corporation ($5.4 billion market value) Lee Shin Cheng with $5 billion fortune niece Eunice Jaymie Tan is engaged to Los-Angeles born China singer Jeffrey Kung.  Lee Shin Cheng who died in 2019, founded IOI in 1969 as Industrial Oxygen Inc.  IOI is a Malaysia conglomerate with businesses in palm oil & real estate, and has a current market value of $5.4 billion.  Lee Shin Cheng family holdings in IOI is held via Progressive Holdings.  Lee Shin Cheng has 2 sons & 4 daughters.  Profile – IOI Corporation Berhad is one of the leading global integrated and sustainable palm oil players. We are listed on the Main Market of Bursa Malaysia Securities Berhad and trading as MYX: 1961.  Our plantation business covers Malaysia and Indonesia, and we currently have 98 estates, 15 palm oil mills, four research and development centres and one biotechnology centre across Malaysia and Indonesia. With hands-on management approach and excellent agronomic practices, we are ranked highly as one of the most efficient major plantation owners to produce one of the highest oil yields in the industry.  Our resource-based manufacturing business comprises three segments: refineries, oleochemicals and specialty oils and fats. We own two palm oil refineries in Malaysia and four oleochemical manufacturing plants in Malaysia and Germany. Our specialty oils and fats manufacturing business is carried out via our 20%-owned associate company, Bunge Loders Croklaan (formerly known as UOI Loders Croklaan) which has manufacturing operations in Malaysia, the Netherlands, United States of America, Canada, Ghana and the People’s Republic of China. Our downstream products are exported to more than 70 countries worldwide. It also includes sustainable palm wood panels developed from oil palm trunks and can be used for furniture making and in the building industry.  With more than 28,000 employees globally, our vision is to be a leading and sustainable Malaysian business corporation with global presence. We strive to achieve responsible and sustainable commercial success by addressing the interests of all our stakeholders, caring for the community and the environment, and adopting best practices to be globally competitive.

“ Malaysia Billionaire, Founder & ex-Chairman of $5.4 Billion IOI Corporation Lee Shin Cheng with $5 Billion Fortune Niece Eunice Jaymie Tan Engaged to Los-Angeles Born China Singer Jeffrey Kung, Lee Shin Cheng Died in 2019, Founded IOI in 1969 as Industrial Oxygen Inc, IOI is Malaysia Conglomerate with Businesses in Palm Oil & Real Estate, Current Market Value of $5.4 Billion, Family Holdings in IOI Held via Progressive Holdings, Lee Shin Cheng Has 2 Sons & 4 Daughters “

 



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Malaysia Billionaire, Founder & ex-Chairman of $5.4 Billion IOI Corporation Lee Shin Cheng with $5 Billion Fortune Niece Eunice Jaymie Tan Engaged to Los-Angeles Born China Singer Jeffrey Kung, Lee Shin Cheng Died in 2019, Founded IOI in 1969 as Industrial Oxygen Inc, IOI is Malaysia Conglomerate with Businesses in Palm Oil & Real Estate, Current Market Value of $5.4 Billion, Family Holdings in IOI Held via Progressive Holdings, Lee Shin Cheng Has 2 Sons & 4 Daughters

Kuala Lumpur, Malaysia



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