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Malaysian billionaire Quek Leng Chang

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On the 12th of December, Guoco Group Ltd. informed that GouLine Overseas Ltd., which is owned by Malaysian billionaire Quek Leng Chang, made an offer of $1.1 billion for the buyout of the company. Thereby, Malaysian billionaire Quek want to take Guoco Group Ltd. private as GouLine Overseas Ltd. is the major shareholder in a Hong Kong investment company. Southeast Asia’s companies have joined the visible trend of going private.

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