Page 4 - Greatech Technology News Today

Tan Eng Kee, cofounder and CEO of Greatech Technology, debuts on the list with a net worth of $965 million.

The country’s wealthiest people were well ahead of the economic recovery curve. After two years of decline, in 2019 and 2020, their combined wealth rose 14% to nearly $90 billion.

For a decade, Atlis Motor Vehicles founder Mark Hanchett worked as a mechanical engineer. He incorporated Atlis Motor Vehicles in 2016 with the hopes of building electric trucks. Atlis plans to have a prototype of the first truck, the $45,000 XT, by this summer. For a decade, Mark Hanchett worked as a mechanical engineer and eventually became a director at Axon, a tech company specializing in law-enforcement gear. Hanchett, who drives a pickup truck, noticed Teslas accomplishments while working...

co-founder and CEO Tan Eng Kee. Hong Leong Group’s Quek Leng Chan continued to top the list of Malaysian billionaires with an estimated net worth of US$9.7bil. Globally, Amazon CEO Jeff Bezos remained the richest person in the world with US$177bil net worth. Vincent Tan steps back TAN Sri Vincent Tan has relinquished his executive role in his flagship Berjaya Corp Bhd, as the founding family began handing over the day-to-day running of sprawling business empire to professional managers led ...

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. The Tan brothers of MR DIY Group (M) together with Westports’s Tan Sri G Gnanalingam and Greatech Technology’s Tan Eng Kee join Forbes billionaires list this year. 2. Tan Sri Tony Fernandes and Datuk Kamarudin Meranun sell off Caterham Cars to Japanese retailer VT Holdings. 3. Moodys expects Malaysias non-performing loan (NPL) level to increase once the various debt relief programmes end. 4. Ge...

co-founder and CEO Tan Eng Kee. In Forbes 35th annual list of the worlds billionaires, brothers Tan Yu Yeh and Tan Yu Wei made their debut with estimated net worths of US$1.8bil and US$1.1bil respectively. The brothers have seen their fortunes soar following the initial public offering of MR DIY on Bursa Malaysia in October last year with a market capitalisation of RM10bil upon listing. Gnanalingam was included in the list with an estimated net worth of US$1.7bil while Tan Eng Kee became anoth...

A corporate exercise quietly announced a week ago seems to have gotten the notice of some investors. Pimpinan Ehsan Bhd (PEB), a company that was controlled by tycoon Tan Sri Rozali Ismail, a cash shell looking for an acquisition target, made two stock exchange filings on Feb 19. One, that Rozali and other shareholders had sold out of the company to new parties, thereby triggering a mandatory general offer (MGO) and two, that PEB was planning to acquire solar power assets. Since the announcemen...

KUALA LUMPUR (Feb 26): Share prices of semiconductor-related companies on Bursa Malaysia are hitting record highs; so are their latest quarterly earnings. The few companies that posted record high quarterly net profits are UWC Bhd, Vitrox Corp Bhd, Inari Amertron Bhd and Greatech Technology Bhd. Fund managers and investment analysts told The Edge that the astronomical increases in earnings among semiconductor companies are expected to continue in the current year, particularly because of the ch...

Mi Equipment Holdings Bhd group CEO & executive director Oh Kuang Eng. THE Top 40 Richest in Malaysia list for 2020 saw the entries of new tech billionaires from five companies, as they became beneficiaries of the China-United States trade tensions as well as a Covid-19 pandemic-induced electronic equipment demand surge, as lockdowns forced people to work from home. Net worth is computed based on the closing share price of the companies as at Dec 31,2020. It is worth noting that Penang is the b...

has a PE of just 19 times. The company, which designs and develops electronic control systems, has seen its share price rising by nearly 77% from the lows of 2020. However, the current share price of RM3 remains slightly lower than the levels seen in 2017-2018. Based on its website, Uchi says it serves a wide base of multinational companies, located primarily in Europe. The region contributes over 90% of Uchi’s annual turnover. Uchi workers at the Uchi factory. However, unknown to many, Uchi...