Beverly Heights Properties Sdn Bhd is believed to have acquired the Pepper Estate land, on which stand close to 300 households. Who owns the firm?
According to Bloomberg, Businessweek:
Dato’ Choong Yuen Keong @ Tong Yuen Keong has 25 years of extensive working experience in the construction and property development industry, which includes 11 years in construction site management and over 18 years in management of property development. Dato’ Choong is O” (Ordinary) Level or equivalent to Sijil Pelajaran Malaysia. He is a businessman by profession and owns several businesses involving in property development management and aluminium recycling. He was involved in a few housing and commercial development projects including Taman Maju Jaya, a pioneer landmark project in Cheras, Wisma Cheong Hin along Jalan Pudu, Pusat Perdagangan Tasik Perdana and most recently, Beverly Heights, located in Ulu Kelang, Gombak. He has been an Executive Director of Euro Holdings Bhd since February 29, 2012. Dato’ Choong served as a Non-Executive Director of Euro Holdings Bhd from April 24, 2007 to February 29, 2012. He is a Malaysian.
The Euro Holdings Bhd Annual Report 2012 says he has spearheaded the Beverly Heights project in Gombak since 2003 and is now venturing “into a similar prestigious project in Penang which offers state-of- the-art living conditions, characterized by ultra-modern facilities”.
Bloomberg describes Yun Mong Tong (I am guessing he is the same person as the other shareholder above) as follows:
Mr. Yun Mong Tong serves as Businessman and Company Director in property development. Mr. Tong served as an Independent Non-Executive Director of Hexagon Holdings Bhd from October 15, 1999 to March 30, 2012. Mr. Tong received Higher School Certificate.
He has since resigned as director of Hexagon Holdings.
Hopefully, the developer and the residents of Pepper Estate will be able to arrive at a fair and just resolution.