Tycoon Yeoh Tiong Lay laid to rest

Yeoh-Tiong-LayNILAI: YTL Corporation Bhd founder Yeoh Tiong Lay was laid to rest at the Xiao En Memorial Park at 4.40pm today.

The founder of the giant conglomerate died on Wednesday at the age of 88.

The hearse bearing his remains arrived at the cemetery at 3.15pm. The funeral procession comprised 40 cars and eight buses.

About 1,000 people, comprising family members and friends, attended the funeral. However, due to health issues, his wife Tan Kai Yong could not be present.

All those present observed a two-minute silence.

Among the dignitaries present were Energy, Green Technology and Water Minister Maximus Ongkili, IOI Group executive chairman Lee Shin Cheng, Lion Group Malaysia chairman William Cheng, and Cambodian Ambassador to Malaysia Princess Norodom Arunrasmy.

The funeral ceremony started at 10am at the family’s residence in Lorong Buloh Perindu 1, Damansara Heights, Kuala Lumpur, which was attended by about 3,000 people.

Prior to this, more than 12,000 people turned up to pay their last respects over the past four days at the family’s home.

Yeoh was also YTL Corporation and YTL Power International executive chairman.

Yeoh and his wife have seven children, namely, Francis Yeoh Sock Ping, Yeoh Soo Min, Victor Yeoh Seok Kian, Yeoh Seok Hong, Michael Yeoh Sock Siong, Yeoh Soo Keng, Mark Yeoh Seok Kah, 27 grandchildren and five great-grandchildren.
YTL Corp is among the 30 biggest companies listed on the Main Board of Bursa Malaysia, forming one of the component companies of the FTSE Bursa Malaysia KLCI, the stock exchange’s primary benchmark index.

Yeoh started his empire at the age of 22, when he completed his first project and made RM5,000 profit, which was regarded as very good at that time, in the 1950s.

Since then, he continued his career in the construction sector and expanded the presence of the YTL Group in other sectors where it is now one of the biggest conglomerates listed on the Malaysian bourse, with business interests in construction, power generation, hotels, property development and telecommunications.