Final farewell for Wee Cho Yaw
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- เผยแพร่เมื่อ 6 ก.พ. 2024
- More than 500 UOB employees gathered at UOB Plaza Atrium on Feb 7 to say a final goodbye to their former chief executive and chairman Mr Wee Cho Yaw. Three long-serving UOB employees shared their memories of Mr Wee who died on Feb 3. READ MORE: str.sg/cRT7
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Mr. Wee was one of the last breed of entrepreneurs who are independent of any governments and other businesses agendas.
He was able to see through schemes and rise above the situation to realise his own way on matters .
A rare man amongst the many entrepreneurship who cannot see past other people's agendas.
Yes. You made a difference.
You told a story worth studying.
Thank you.
Actually the circumstances of his acquisition of banks were more to do with luck than business acumen. Most people do not know the inside story. The takeover of Chung Khiaw Bank was LKY's directive because control of the bank was indirectly put into the hands of a foreign company Slater-Walker when it had bought over Haw Par Brothers (which was the bank's holding company) from Aw Cheng Chye (the Aw family of Tiger Balm fame). As for Lee Wah Bank the Eu family (of Eu Yen San fame) had done a share swop with UOB but it did not have full control of the bank because minority shareholders held back for some time before finally caving in. UOB's acquisition of Industrial Commercial Bank was a play of luck, as the representative of the controlling faction of ICB through its holding company had ran out of time and option to comply with MAS directive to sell the bank. This takeover raked in a vast amount of unrealised value for UOB (a windfall) in the share value of ICB . The share swop was done at 3 UOB shares for 5 ICB shares (which at that time had a lot of assets whose value was far above their book value and if an asset revaluation exercise had been done the swop ratio would have been more in favour of ICB). The merger of Overseas Union Bank was in line with government policy to have consolidation of our local banks for better control in building up a nascent financial centre. It was a friendly takeover-merger as OUB's Lien Ying Chow and Wee were good friends but "rivals" in banking. Basically, this was the backdrop to how UOB came to takeover/merge with4 other local banks and become one of the largest banks in the region.
95 years old, that's really amazing how long he lived.
Lost to Robert Kuok 100yrs. of M'sia who is still living.
@@richtan6081 length of life is not a competition, it is about how much they achieved compare to yourself.
@@Fiona20238 Exactly!👌🏼 Well said of a foul mouth person with a bitter vile heart.
So ironic naming himself "rich tan"😂 but very poor in his soulish & spirit realm, never knowing that one day he has to eat the very words of his toxic mouth of dark bitter vibes!!
He is amazing, whole family are really great with businesses.
Usually the rich makes life difficult for the poorer,,, eg... Implementation of COE, public housing , ERP,
Famous line quoted by Wee Cho Yaw, probably a legacy he is leaving behind - " Anything you say I will do" (replying to Lee Kuan Yew during the Slater-Walker/Chung Khiaw Bank saga when UOB was the only bank to commit regaining back local control of Chung Khiaw Bank from Slater-Walker through holding company Haw Par Brothers) in 1972. R.I.P. Mr wee.
Life and Death is inevitable for everyone 😭😭
To know Him, to love Him and make Him know is the most paramount in this short span of life. To live a life without knowing Him will be a life in vain. While still alive, this is the only chance. Men only ponder the meaning of life when they are near death or in death bed. Its too stress. Seek Him when life is peaceful, only He is most faithful and will see us through. Never treat Him as spare tyre. But be thankful in all the blessings receive. Love is greatest act.
I dunno this man, but from what I can tell, for someone to have built a very successful bank, he must have some very sound principles and fundamentals in him. Otherwise his ventures would have collapsed long ago. Along with fate and destiny, he worked hard to succeed. And along with him, a group of aspiring people.
There are those who gave negative comments. I dunno why anyone would want to do that, unless they are jealous of his success.
What you said is true, only those with firm sound principles and fundamentals will succeed, break or even bend those and it’s guaranteed FAILURE! Humility is also important. Without humility, it is also a sure way to FAILURE!
tough times for many
Sit Tibi Terra Levis - "May the earth rest lightly on thee".
The cortege park at the place where his rolls royce used to park on Saturaday. He has 2 rolls royces white and dark blue no. 12 & 21. I missed the cars.
Everyone dies eventually. The Queen of Britain and billionaires. Why make life difficult for each other?
Why a counter staff is not interviewed. ?
Only head of....manager...
This is society ...rich look down
Don't be silly. Due to nature of their work and the number of UOB branches in Sg, counter staff most likely didn't have any interactions with him at all
@@WillWill-tu7ew yes, the head often misses the tail.
Done in such a typical bank style
No getai singers and dancers
最后一天在世上
Another Chinese educated billionaire passed away...