Malaysia’s Lee Brothers Reap Windfall On REIT Listing Plan
This story is part of Forbes’ coverage of Malaysia’s Richest 2026. See the full list here.
In recent years, brothers Lee Yeow Chor and Lee Yeow Seng have been expanding beyond their palm oil roots and putting the building blocks in place to reap a property windfall. The siblings’ plan for REIT listings, one each in Malaysia and Singapore between this year and next, was a kicker for the shares of their Kuala Lumpur-listed IOI Properties Group, which have nearly doubled from a year ago. The brothers added $3.3 billion to........
