His Mind Of Never Giving Up

In 1989, Tan Sri Dato Lee Shin Cheng had an interview with New Straits Times. He announced that he bought over the DUNLOP ESTATES company from Multipurpose Holding Bhd in one day. He marked this purchase is his significant milestone of his life. Not everything in life is smooth sailing. In 2001, Sime Darby Company wanted to acquire IOI Corporation Berhad from him but he managed to solve the issue by winning in the equity competition between Sime Darby Company. The main lesson Tan Sri Dato Lee Shin Cheng learned is to have a strong financial background to prevent other big companies buying over his company. He expands his business by actively buying over foreign business. IOI Corporation has diversified into few different businesses. Plantation is the core business of IOI and it generates almost 50 to 60 percent of the group’s income. The corporation also has its own property business that generates 18 to 20 percent of the group’s income. They also involve in manufacturing of oleo chemicals and specialty fats and refineries.