The elusive doctor

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The elusive doctor

Post by Cals on Mon 25 Aug 2014, 04:59

Published: Saturday August 23, 2014 MYT 12:00:00 AM 
Updated: Saturday August 23, 2014 MYT 7:00:55 AM

[size=40]The elusive doctor[/size]

THE ability of Datuk Dr Yu Kuan Chon, the executive director and chairman of Manjung, Perak-based YNH Property Bhd, to remain largely unknown and faceless outside of a close circle is something of a minor legend.
This is especially so among journalists trying to get him for comments. It is also something of an anomaly in an industry like property development where personalities matter in driving property sales and branding.
A medical doctor by training, he is known to shun public events and his face does not even appear in the company’s annual reports. Few in the media have had the opportunity to have an exclusive interview with him and if they did, no pictures are allowed to be taken.
He is known to strike a contemplative post with eyes half-closed when fielding questions from journalists lucky enough to snag an exclusive with him. An unassuming man in his early 50s, Yu graduated as a medical doctor in 1988 and then spent the next seven years practicing in government hospitals before assisting in the family propety development business, then known as Yu Neh Huat Bhd. His elder brother, Datuk Yu Kuan Huat, is YNH’s managing director.

A savvy investor, he was responsible for thwarting the attempt by Hong Leong Capital Bhd’s ultimate owner Tan Sri Quek Leng Chan to take the integrated financial services firm private last year. Yu had emerged as major shareholder in Hong Leong Capital by accumulating more than 8% of the company’s shares and putting himself in a strong bargaining position in relation to the buyout offer.
He is also a director of semiconductor firm Rapid Synergy Bhd.

“It cannot be said too often that in speculation and investment, success comes only to those who work for it”

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