Top 40 richest in Malaysia: 7-10
6 TAN SRI LAU CHO KUN @ LAU YU CHAK
Flagship: Hap Seng Consolidated Bhd
Net worth: RM16bil
LAU moves up one notch in the wealth count boosted by the share price jump of his company Hap Seng Consolidated Bhd.
The Sabah-based tycoon had also exercised over 200 million warrants of the company last year.
In 2016, shares of Hap Seng rose 37% to RM8.86 as the group launched new property projects and kept a lid on operating costs with weakening demand at the diversified group. Its market cap at year-end stood at RM22.01bil.
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