In The News

Lim Pei Shi, a Malaysian aged 34, is the Alternate Director to Chan Wai Leo.

Ms Lim was appointed to the Board on 1 April 2022. Ms Lim has around 10 years of experience in the sales and marketing, and the leasing and management of industrial properties. She is instrumental in the sales and marketing of AME’s industrial properties namely i-Park @ SiLC, i-Park @ Indahpura, i-Park @ SAC and a newly developed industrial park, i-TechValley in SiLC to buyers and potential tenants.

Ms Lim graduated with a Bachelor of Education (Montessori Early Childhood Teaching)from the Auckland University of Technology, New Zealand in December 2009.

In 2010, Ms Lim was employed as a full-time teacher at the Lollipops Albany Childcare Centre, New Zealand. She also participated in programme planning and management with the teaching team. Ms Lim resigned from the centre in 2011.

Ms Lim joined AME Development as a Marketing Administration Executive in August 2011 and was promoted to the position of Assistant Marketing Manager in March 2012. Ms Lim was appointed as the Marketing Director of AME Development in February 2013. Her primary role includes sales and marketing strategic planning, conducting presentations, planning and organising events in relation to marketing and publicity launches, organising site tours and exhibitions, and submitting the necessary information for various awards and accolades for the property development division. Ms Lim is also involved in the negotiation of commercial terms including pricing and technical specifications and liaising with the project management on the completion and delivery of properties. In October 2018, Ms Lim was appointed as the Alternate Director to Lim Yook Kim in AME. She was promoted to the position of Property Development Director in July 2019, a position she still holds currently.

Ms Lim is responsible for the property development operations including oversee of all stages of industrial park development, starting from feasibility study, land banking, conceptual planning, sales and marketing to management and operation of the industrial park. She is also involved in the leasing and management of industrial properties of the Sponsor. Upon listing, she will no longer oversee the 34 Subject Properties to be transferred into AME REIT.

As at the LPD, Ms Lim is an Alternate Director to Lim Yook Kim on the board of the Sponsor and holds directorships in other private limited companies.

Kang Ah Chee, a Malaysian aged 67, is the Alternate Director to Lee Sai Boon.

Mr Kang was appointed to the Board on 1 April 2022. Mr Kang has around 50 years of experience in the construction industry and around 11 years in property development, property investment and management. Mr Kang plays a major role in the construction operations activities of AME, where he is involved in the construction of customised large manufacturing plants and other industrial buildings for multinational and local enterprises. As an Executive Director of AME Group, Mr Kang is also actively involved in overseeing AME’s property development activities, property investment and managementservices and engineering services.

He attended Sekolah Menengah Kebangsaan Pekan Nenas, Johor for his secondary education until 1971.

Mr Kang began his career as a mechanical welder in a steel fabrication company in 1972. In 1981, Mr Kang became a joint proprietor of Syarikat Asia Mechanical Engineering, which ran the business of steel fabrication. Subsequently, when Syarikat Asia Mechanical Engineering Sdn Bhd was incorporated, Mr Kang was appointed as a director in December 1985.

He was appointed as a director of AME Construction in October 1993 where he was primarily involved in construction machinery management as well as site operation activities. In December 1994, Mr Kang, together with Lee Chai, Lim Yook Kim and Lee Sai Boon, established Asiamost Sdn Bhd, a company that provides fire protection system and mechanical and electrical engineering services for building and construction projects. Subsequently, Mr Kang, together with Lee Chai and Lim Yook Kim, established Amsun Capital Sdn Bhd in February 1997 and was appointed as a director in July 1999 for the provision of heavy construction equipment and machinery hiring services. In September 2008, he co-founded AME Engineering Industries Sdn Bhd, a company principally involved as a contractor for fabrication of building structures and its related business.

In August 2018, Mr Kang was appointed as the Executive Director of the Sponsor, and is responsible for the on-site operations and activities carried out by the construction and engineering division.

As at the LPD, Mr Kang is an Executive Director of the Sponsor and holds directorshipsin other private limited companies.

Lim Yook Kim, a Malaysian aged 68, is the Alternate Director to Lee Chai.

Mr Lim was appointed to the Board on 1 April 2022. Mr Lim has around 48 years of experience in the construction industry and around 11 years in property development, and property investment and management. Mr Lim plays a major role in the construction operations activities of AME, where he is involved in the construction of customised large manufacturing plants and other industrial buildings for multinational and local enterprises. As an Executive Director of AME Group, Mr Lim is also actively involved in overseeing AME Group’s property development activities, property investment and management services and engineering services.

He attended Sekolah Jenis Kebangsaan (C) Labis, Johor for his primary education from 1961 to 1964.

Mr Lim began his career as a general construction worker in a construction company in Singapore in 1974. Mr Lim left Singapore and returned to Malaysia in 1977. In 1977, he became a joint proprietor of Syarikat Asia Mechanical Engineering which ran the business of steel fabrication. Subsequently, when Syarikat Asia Mechanical Engineering Sdn Bhd was incorporated, Mr Lim was appointed as a director in December 1985.

Mr Lim was appointed as a director of AME Construction Sdn Bhd (“AME Construction”) in October 1993. His role in the company involved overseeing construction operation activities. He was also actively involved in the steel fabrication division of AME Construction, particularly in the sourcing of new equipment, the recruitment of skilled welders and capacity expansion plans. In December 1994, Mr Lim, together with Lee Chai, Kang Ah Chee and Lee Sai Boon established Asiamost Sdn Bhd, a company that provides fire protection system and mechanical and electrical engineering services for building and construction projects. Subsequently, Mr Lim, together with Lee Chai and Kang Ah Chee established Amsun Capital Sdn Bhd in February 1997 and was appointed as a director in March 1997 for the provision of heavy construction equipment and machinery hiring services. In September 2008, he co-founded AME Engineering Industries Sdn Bhd, where he took an active role in its management and business activities. During his tenure as the director of AME Construction, Mr Lim was involved in setting up the fabrication plant of AME Engineering Industries Sdn Bhd.

In August 2018, Mr Lim was appointed as the Executive Director of AME, and is responsible for the on-site operations and activities carried out by the construction and engineering division.

As at the LPD, Mr Lim is an Executive Director of the Sponsor and holds directorships in other private limited companies.

Wee Beng Chuan, a Malaysian aged 59, is the Independent Non-Executive Director. He is also the Chairman of the Audit and Risk Management Committee and a member of the Nomination and Remuneration Committee.

Mr Wee was appointed to the Board on 1 April 2022. Mr Wee has more than 30 years of experience in accounting and audit services.

He obtained his ACCA qualification in December 1988 and he was admitted as a Fellow of the ACCA in March 1997. He is a registered chartered accountant with the Malaysian Institute of Accountants since October 1994.

In March 1989, he commenced his professional training in an audit firm, Weston Kay in London, England. Upon his return to Malaysia, he joined KPMG Malaysia, a financial and audit services firm, as Audit Senior in March 1993. In October 2003, he was admitted as a partner of KPMG Malaysia and was responsible for the audit of a wide range of companies which included public listed companies and multinationals in various industries until his retirement from the firm on 31 December 2017.

He is also an experienced reporting accountant who has worked on numerous initial public offerings and various fund-raising exercises in the capital market. In August 2018, he joined Pembinaan Tuju Setia Sdn Bhd as a Financial Advisor overseeing the accounting and financial management matters. In August 2020, he was appointed as the Executive Director of Tuju Setia Berhad (“Tuju Setia”) and is responsible for the accounting, financial management and advisory of Tuju Setia group of companies’ financial matters.

As at the LPD, Mr Wee is an Executive Director of Tuju Setia and an Independent Non- Executive Director of QL Resources Berhad, both of which are public listed companies on the Main Market of Bursa Securities. He also holds a directorship in a private limited company.

Yau Yin Wee, a Malaysian aged 64, is the Independent Non Executive Director. He is also the Chairman of the Nomination and Remuneration Committee and member of the Audit and Risk Management Committee.

Mr Yau was appointed to the Board on 1 April 2022. Yau Yin Wee has more than 30 years of experience in Marketing and Credit Management. Prior to his retirement in March 2021, he was the Senior Regional Head (Southern Region) in Hong Leong Bank Berhad, a position he has held since November 2015.

Mr Yau graduated with a Bachelor of Science in Business Administration majoring in Finance from the University of South Alabama, United States of America in June 1984.

Upon returning to Malaysia, he joined Hong Leong Finance Berhad in October 1983 as a Marketing and Credit Executive, where he was responsible for the marketing of business and retail loans. He was promoted to the position of Branch Manager in June 1987, where his responsibility expanded to overseeing the business operations of the branch.

In August 1991, he was re-designated to the position of Hire Purchase Centre Manager to spearhead the bank’s automobile business in Perak by initiating new business concept, as well as setting up a dedicated team of Marketing and Credit Managers and Officers. He was subsequently promoted to the position of Corporate and Commercial Manager (Senior Manager) in February 1996. In September 2005, Mr Yau joined AmBank Group as Senior Manager and was subsequently promoted to Associate Director of the Corporate and Institutional Banking in May 2010 where he was involved in business marketing and development for corporate advisory and business loans, as well as assisted clients with their initial public offering processes on both Malaysia’s and Singapore’s stock exchanges until November 2014.

In January 2015, he joined Hong Leong Bank Berhad as the Head of Retail Community Business whereby he facilitated the management of the Retail Community Business division in efforts to increase business efficiency, prior to the transfer as the Senior Regional Head (Southern Region) in November 2015.

Mr Yau served as a Committee Member of the Institute of Bankers Malaysia (now known as Asian Institute of Chartered Bankers) from 2001 to 2014 and Chairman of the Association of Finance Companies Malaysia (Johor Regional Committee) from 2000 to 2006.

As at the LPD, Mr Yau holds directorships in Cape EMS Berhad (formerly known as Cape EMS Manufacturing (M) Berhad), a non-listed public company and a private limited company.

Datin Cheryl Kaur Pola, a Malaysian aged 43, is the Independent Non-Executive Director. She is also a member of both the Audit and Risk Management Committee and Nomination and Remuneration Committee.

Datin Cheryl was appointed to the Board on 1 April 2022. Datin Cheryl has 20 years of experience in research and fund management. Her last position was the Deputy Head of Equities at Affin Hwang Asset Management Berhad, a leading fund management company, where she was responsible for investing more than RM1.5 billion in assets. She also assisted in managing a team of 7 fund managers and analysts.

Datin Cheryl graduated with a Bachelor of Commerce (Accounting and Finance) from Monash University, Clayton, Australia in May 2000. She has been a Chartered Financial Analyst Charterholder since September 2004.

Datin Cheryl commenced her career as an Audit Assistant at KPMG Malaysia in February 2000. She left in December 2000 to join a pioneer online research start-up. After her time there, she joined Amanah SSCM Asset Management Berhad in May 2001 until August 2004 as an Equity Analyst. In September 2004, she joined Prudential Assurance Berhad as the Deputy Manager, Equity, where she was part of a team responsible for managing in-house insurance funds.

In August 2006, she joined Affin Hwang Asset Management Berhad as a portfolio manager, where she was subsequently promoted to Senior Portfolio Manager and later, Deputy Head of Equities, until her departure in May 2020.

Lee Sai Boon, a Malaysian aged 57, is the Chairman/ Executive Director. He was appointed to the Board on 19 April 2021. Mr Lee has around 28 years of experience in construction and around 11 years in property development, and property investment and management.

Mr Lee graduated from Universiti Teknologi Malaysia with a Bachelor of Mechanical Engineering in September 1988. In June 1993, he obtained his Master of Business Administration from the University of Dubuque, Iowa, US. Mr Lee is currently the Executive Director of AME. He is responsible for the overall operations and performance of the mechanical and electrical (“M&E”) services division. In addition, as the Executive Director in charge of the finance and IT departments, he makes recommendations to the board of AME on the AME Group’s financial budgets, assisted by the group financial controller and decisions on the AME Group’s IT investments and improvements.

Mr Lee began his career as a Trainee Engineer at Oriental Assemblers Sdn Bhd, in June 1988, where he was responsible for the daily operation and meeting of output targets of a motor vehicle line production. He left Oriental Assemblers Sdn Bhd in September 1988 and subsequently joined Western Digital Malaysia Sdn Bhd in October 1988 as an Assembly Engineer, where he provided assembly engineering support for manufacturing operations. In November 1988, Mr Lee worked as a Process Engineer in PCI Printed Circuits International Pte Ltd, Singapore, where he was in charge of the wave soldering machines as well as the Surface-Mount Technology lines. His role was to ensure that the output targets were met and to minimise defects in the Surface-Mount Technology lines. Mr Lee left PCI Printed Circuits International Pte Ltd in January 1990. In the same month, Mr Lee was employed in Hewlett Packard (“HP”) Pte Ltd, Singapore as a Process Engineer in the Inject Components Operation fabrication section. In March 1990, he was sent for training in the HP facility in Oregon, US, as part of the transfer of the Inject Component Division’s Thermal Inkjet Silicon Wafer Manufacturing Technology to the Singapore branch of HP. In January 1992, he was assigned to the HP plant in San Diego, US, where he was involved in the transfer of the Bobcat and Squirt Pen Head Saw processes to HP, Singapore. In July 1994, Mr Lee left HP and in the same month, he joined Tru-Tech Electronics (M) Sdn Bhd, as a Production Manager where he was responsible for the daily production output of the audio and video production line. Mr Lee left Tru-Tech Electronics (M) Sdn Bhd in November 1994. In December 1994, Mr Lee together with Lee Chai, Lim Yook Kim and Kang Ah Chee, were instrumental in incorporating Asiamost Sdn Bhd, a company that provides fire protection system and mechanical and electrical engineering services for building and construction projects. He was appointed as a Director of Asiamost Sdn Bhd in December 1994 and Director of AME Construction Sdn Bhd in March 1996. In September 2008, he co-founded AME Engineering Industries Sdn Bhd, a company principally involved as a contractor for fabrication of building structures and its related business.

Mr Lee is instrumental in providing M&E engineering solutions. With his strong technical expertise in engineering, Mr Lee is the key decision maker for the M&E engineering operations involving the design, supply, and installation of M&E engineering systems in industrial, residential, and commercial buildings. Alongside Mr Lee Chai, Mr Lee is also actively involved in the construction operation activities where he oversees the design and construction of customised large manufacturing plants and other industrial buildings for multinational and local enterprises.

Following the establishment of AME Group’s development division, Mr Lee has gained years of industrial property development experience through his involvement in the development of various industrial parks including i-Park @ SiLC, i-Park @ Indahpura (including the joint venture between AME Industrial Park Sdn Bhd and Axis IE Sdn Bhd for Phase 3 of the development of i-Park @ Indahpura), i-Park @ SAC and a newly developed industrial park, i-TechValley in SiLC (measuring 169.8 acres). Mr Lee oversees all stages of the development including the feasibility study, sourcing of land bank and conceptual planning.

Mr Lee has vast experience in the workers’ dormitories business, sourcing of prospective tenants and the formulation of leasing strategies including the tenant mix strategies, fixing of rental rates, tenancy management and facility management.

As at the LPD, Mr Lee is an Executive Director of the Sponsor and holds directorships in other private limited companies.

Lee Chai, a Malaysian aged 59, is the Executive Director. He was appointed to the Board on 19 April 2021. Mr Lee has around 38 years of experience in the construction industry and around 10 years of experience in property development, and property investment and management.

Mr Lee obtained his Sijil Tinggi Persekolahan Malaysia certificate after completing his studies in Sekolah Menengah Kebangsaan Sultan Ismail, Johor in 1983.

Mr Lee is currently the group managing director of AME Group. He is responsible for the business growth and direction, strategic corporate planning as well as the overall operations and management of AME Group.

Mr Lee began his career in Syarikat Asia Mechanical Engineering in 1984 as a Contract Executive. Subsequently, when Syarikat Asia Mechanical Engineering Sdn Bhd was incorporated, Mr Lee was appointed as a Director in December 1985. In October 1993, he founded AME Construction Sdn Bhd and was instrumental in expanding AME Group’s business from a construction company to a group of companies which conduct various businesses including property development, provision of engineering services and provision of property investment and management services. In December 1994, Mr Lee, together with Lim Yook Kim, Kang Ah Chee and Lee Sai Boon, established Asiamost Sdn Bhd, a company that provides fire protection system and mechanical and electrical engineering services for building and construction projects. Subsequently, Mr Lee, together with Lim Yook Kim and Kang Ah Chee, established Amsun Capital Sdn Bhd in February 1997 and was appointed as a Director in March 1997 for the provision of heavy construction equipment and machinery hiring services. In September 2008, he cofounded AME Engineering Industries Sdn Bhd, where his role involved the management of overall business activities such as strategic planning and business development activities.

Throughout his tenure in AME Group, Mr Lee plays a major role in the design and construction of customised large manufacturing plants and other industrial buildings for multinational and local enterprises. His years of active involvement in the construction operation activities allowed him to gain an extensive expertise and technical knowledge in a wide range of construction services from planning and scoping, design, construction, and management to post construction maintenance.

Mr Lee has also led various industrial development projects. Mr Lee oversees all stages of the development including the feasibility study, sourcing of land bank and conceptual planning. His involvement in property development began with the launch of i-Park @ SiLC in 2011 by AME Development, an integrated industrial park developer in Malaysia. He is also instrumental in the development of other industrial parks undertaken by AME Group namely i-Park @ Indahpura (including the joint venture between AME Industrial Park Sdn Bhd and Axis IE Sdn Bhd for Phase 3 of i-Park @ Indahpura), i-Park @ SAC and a newly developed industrial park, i-TechValley in SiLC (measuring 169.8 acres).

In addition to his role in construction and industrial property development, Mr Lee has considerable experience in overseeing of property investment including the successful leasing and tenanting of industrial properties, as well as the rental and management of workers’ dormitories. He played a pivotal role in building a well-diversified portfolio of leasing properties comprising tenants from various sectors such as electrical and electronic, logistic services/ e-commerce and consumer products (home appliances and furniture) manufacturing.

As at the LPD, Mr Lee is the Group Managing Director of the Sponsor and holds directorships in other private limited companies.

Chan Wai Leo, a Malaysian aged 48, is the CEO / Executive Director. He was appointed to the Board on 1 April 2022. He has approximately 25 years of experience in audit, financial reporting, property investment, REIT management and property development.

Mr Chan obtained his Association of Chartered Certified Accountants (“ACCA”) qualification in August 1996 and was subsequently admitted as a member in 2000. He became a member of the Malaysian Institute of Accountants in November 2001 and was made a fellow member of The Association of Chartered Certified Accountants (UK) in May 2005.

He began his career with Arthur Andersen & Co., Malaysia as an Audit Staff Assistant in the Assurance Division in December 1996 and was made an Assistant Manager in September 2001. He was subsequently promoted to Manager in June 2002. During his tenure in the Assurance Division, he handled various portfolios ranging from statutory audits, special audits such as profit forecasts, business advisory services, corporate debt restructuring engagements, performance of diagnostic reviews of companies seeking financing and share valuation exercises. In December 2002, he left the firm, which was known as Ernst & Young Malaysia (following the merger with Arthur Andersen & Co.) and joined Pacific Star Group (Singapore) (formerly known as Greenwich Group (Asia) Sdn Bhd) as Group Accountant in January 2003. He oversaw the group’s accounting and financial reporting functions. In February 2006, Mr Chan left Pacific Star Group and joined Citibank Berhad as Assistant Vice-President, Financial Control, Global Consumer Banking in April 2006 where he managed monthly expense closing for the various business units within the consumer banking division.

In September 2006, Mr Chan joined AXIS Development Sdn Bhd as Senior Finance Manager where he oversaw the finance and operations of AXIS Development Sdn Bhd and shareholder-controlled private companies (“AXIS Development Group of Companies”). This included coordinating the acquisition, sourcing of financing and disposal of the investment properties in the Axis Development Group of Companies. In August 2008, he was transferred to Axis REIT Managers Berhad as the Head of Business Development & Investor Relations. Axis REIT Managers Berhad is the manager for Axis- REIT, a listed real estate investment trust investing in industrial and office properties. In 2011, he was redesignated as Head of Originations and Investments. During his tenure with Axis REIT Managers Berhad, he was involved in the business development and strategy for property investment including evaluation and acquisition of investment properties, equity fund-raising exercises, developing strategic tie-ups and developing asset pipeline for Axis REIT and investor relations.

In December 2015, he left Axis REIT Managers Berhad and joined AREA Management Sdn Bhd as Chief Operating Officer in January 2016. He oversaw the development and completion of AREA Logistics, 3-storey ramp up warehouse facility located in Ulu Klang. Upon completion of AREA Logistics, he was promoted to CEO in October 2020 and was tasked to oversee Compass IP Sdn Bhd. AREA Management Sdn Bhd is currently the Investment Manager for Compass IP Sdn Bhd, a joint venture between the shareholders of AREA Management Sdn Bhd, entities of Permodalan Nasional Berhad and KWEST Sdn Bhd (a wholly-owned subsidiary of Kumpulan Wang Persaraan (Diperbadankan)) to develop a 220-acre industrial estate in Kota Seri Langat, Banting. His responsibilities include identifying and negotiating potential purposed built facilities for clients, delivering property development projects from concept and development stage to completion and operations. He also oversaw the capital management of the project companies, leasing of the investment properties and investor relations.

In 2016, Mr Chan together with shareholders of AREA Management Sdn Bhd, co-founded Alpha REIT Managers Sdn Bhd which manages Alpha REIT. Alpha REIT is a Shariah compliant unlisted REIT focusing on education and education-related assets. He was appointed as a Director in Alpha REIT Managers Sdn Bhd, the manager for Alpha REIT in October 2016 until 13 December 2021.

He was also a director in AREA EduReit Sdn Bhd (holding company of Alpha REIT Managers Sdn Bhd) from May 2017 to 13 December 2021.