#business #China #diversify
Ng Chong Lam of Penang-Based Ng Eng Kee & Sons: Diversify, Integrity, China!
Some lessons from a multi-generational business that has existed since the early 20th century.
The NEK Group’s founder, the late Ng Eng Kee, was born in Taiping, Perak, Malaysia in 1925, helping his father, the late Ng Chong Geng, to establish manufacturing and trading companies which specialised in rubber, palm oil and petrochemical products.
The move to China and other overseas markets began In the 1970s and continues until today with new businesses in real estate and manufacturing. Today, the NEK Group is a family office that invests in fintech, AI, semiconductors, HR engagement platforms, travel, jewellery and luxury goods all the way from seed to growth stage, including highly profitable late-stage companies.
NEK offers early stage companies equity capital, mentorship support and networking access to both the Southeast Asia region as well as China’s Greater Bay region.
(Vistage Malaysia engaged Do More to conduct this interview. Vistage is the world’s largest CEO coaching and peer advisory organisation for small and midsize business leaders, with over 27,000 members worldwide.)
01:06 – Diversify, Have Integrity, Do Good and Keep Cash
02:37 – Growth Industries?
04:01 – Private Business, External Shareholders
04:40 – Many Ways to Invest!
04:56 – Interesting Markets?
06:56 – What of the Malaysian Economy?
08:13 – Advice to the Entrepreneur
09:21 – Advice for a Successful China Expansion
14:19 – How China’s Business Methods Differ from America’s
17:13 – Communism and Hierarchies in China
18:26 – America’s Jealousy of China
19:52 – A China Partnership is Essential
20:54 – Four Success Tips
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