Tuesday, June 10, 2014

Peter Lim donates S$3m to NTU for peace studies professorship

June 10, 2014

SINGAPORE — Fresh off his purchase of Spanish football club Valencia just weeks ago, Mr Peter Lim, a Singaporean billionaire, has donated S$3 million to the Nanyang Technological University (NTU) for a new professorship in peace studies.

SINGAPORE — Fresh off his purchase of Spanish football club Valencia just weeks ago, Mr Peter Lim, a Singaporean billionaire, has donated S$3 million to the Nanyang Technological University (NTU) for a new professorship in peace studies.

The university announced yesterday that the Peter Lim Professorship in Peace Studies will be based at the S Rajaratnam School of International Studies.

NTU said the donation will help fund a top global expert who can lead the development of the school’s peace studies curriculum and research strategies as part of its new Studies in Inter-Religious Relations in Plural Societies (SRP) programme, launched on the same day. The Government will match the gift dollar-for-dollar, bringing the endowment to S$6 million in total.

Mr Lim was not present at the cheque presentation ceremony, which was witnessed by President Tony Tan, who is also the chancellor of the university.

An NTU statement quoted Mr Lim as saying that he hoped the endowment will bring Singapore peace and harmony. “We have enjoyed decades of peace because of the harmonious relations among Singapore’s different communities. But the world’s many conflicts remind us that we cannot take this peace for granted. I hope that my donation can bring together distinguished scholars and thought leaders to study how we can be one step closer to protecting and promoting the harmony in our country,” the businessman said. ~CHANNEL NEWSASIA

Sunday, May 18, 2014

5 things about Peter Lim and his new football club Valencia

Published on May 18, 2014
Straits Times
Billionaire Peter Lim is the new owner of Spanish side Valencia. Here are some facts about the media-shy Singaporean and the La Liga club.

Five things you should know about Peter Lim

1. In 1991, Mr Lim made his fortune when he invested US$10 million (S$12.51 million) in Wilmar International, then a start-up palm oil company owned by tycoon Kuok Khoon Hong, a former client and friend of Mr Lim’s – and the nephew of Malaysian businessman Robert Kuok (he now lives in Hong Kong), one of Asia’s best-known billionaires. Mr Lim’s five per cent stake in Wilmar was worth US$1.4 billion in March according to Forbes.

2. He put himself through the University of Western Australia, in Perth, by working as a taxi driver, cook and waiter, among other odd jobs, and graduated with a degree in finance and accounting.

3.Nicknamed the “remisier king", Mr Lim was ranked by Forbes to be the 10th richest man in Singapore last year with a fortune of US$2.05 billion.

4. Married to former actress Cherie Lim, Mr Lim is a Manchester United fan, owning several Manchester United themed bars across Asia. He tried to buy Liverpool for £300 million (S$631.20 billion) in 2010 but his offer was rejected.

5. Home to Valencia's new owner is the entire 11 storeys of the Abelia condominium, located near Orchard Road. Mr Lim is also said to own 25 Ferrari cars.

Five things you should know about Valencia football club

1. Up until Mr Lim acquired the club, Valencia was the only club outside the duo of Real Madrid and Barcelona to have won the Spanish La Liga since 2001. Former Liverpool manager Rafa Benitez led Valencia to the league title in 2002 and 2004. However, Atletico Madrid on Saturday claimed its first La Liga title in 18 years by drawing 1-1 with title rivals Barcelona.

2. Due to the financial crisis, work on Valencia's new stadium – the 61,500 Nou Mestalla – stopped in 2009. The stadium has remained untouched since.

3. To stay afloat, the club had to sell key players like David Villa, David Silva, Jordi Alba, Roberto Soldado and Juan Mata - All Spanish internationals.

4.  Valencia have only spent four years outside of the top flight during their 92 history. Most recently they spent a year in the second division in the 1986-87 season.

5. They are the third most successful club in Spain, with six La Liga titles and seven Spanish Copa del Rey victories. No prizes guessing who the two most successful are.

Saturday, May 17, 2014

Singapore businessman Peter Lim buys Valencia

Published on May 17, 2014

Fans of Valencian Football Club can finally see an end to months of uncertainty: Peter Lim

BARCELONA – Singapore businessman Peter Lim is the new owner of debt-ridden Valencia after buying 70.4 per cent of the shares owned by the club’s foundation, the La Liga side said today (May 17).

The Valencia Foundation’s patrons voted for Lim’s proposal ahead of other offers from international consortiums offering large cash injections.

Confirming that Lim has completed the takeover, a club spokesman said that the next task for the new owner will be to agree a deal with creditors Bankia, who are owed €220 million (S$377 million). The club’s total debt is around €360 million.

Lim said in a statement: “I am very glad to have been selected the winning bidder after a rigorous selection process.  Fans of Valencian Football Club can finally see an end to months of uncertainty."

Lim was the choice of club president Amadeo Salvador who felt that his offer was best suited to turning around the fortunes of the club which failed to qualify for next season’s Champions League and were knocked out of the Europa League earlier this month by eventual winners Sevilla in the semi-finals.

Said Lim: "Today’s voting which overwhelmingly supported my bid demonstrates a firm commitment from the stakeholders of the process, namely Bankia, Valencia CF, Foundation of Valencia CF and Instituto Valenciano de Finanzas.

“Under the process, the winner is the bidder with the best sporting, financial and social solutions. I’m pleased that we have won on these three criteria and I'll like to thank the Board of Trustees, the Valencian fans and the city for their strong support over the past few months."

Valencia are 10th in the 20-team La Liga standings. AGENCIES

Saturday, March 15, 2014

Peter Lim enters new Johor security venture

Published on Mar 15, 2014

Billionaire investor, Johor prince sign MOU to offer services in Iskandar

By Audrey Kang

SINGAPORE billionaire investor Peter Lim is stepping up his aggressive push into Iskandar Malaysia with a new agreement to set up a security business.

A security company owned by Mr Lim is joining hands with a Johor prince to offer security services in the rapidly emerging growth corridor.

Mr Lim is one of the largest investors in the Iskandar region over the past two years. He and the Johor royal family are substantial shareholders in Rowsley, which is working on a RM10 billion (S$3.9 billion) development in the Johor Baru city centre.

The Soverus Group, which is 95 per cent owned by Mr Lim, signed a memorandum of understanding with Tunku Abdul Rahman, son of the Sultan of Johor, yesterday. Its chief executive officer, Mr Paul Lim, said: "The security business in all countries is highly regulated. This MOU signifies and cements our belief in the growing market in Iskandar and the rest of Malaysia."

Working with the prince will be hugely beneficial, he added, given his detailed knowledge of the area.

Tunku Abdul Rahman said: "I am very impressed with how Soverus has grown so rapidly within the last four years, from a start-up to a major provider of security services with over 600 staff.

"I look forward to working with Soverus and its manage-ment team to build a credible and imitable full-service security firm in Johor."

One key reason for the MOU is the rising demand for premium security services in Iskandar, owing to the growing affluence of Johor residents, said Mr Paul Lim.

Although the company has yet to execute any plans for its expansion in Iskandar, he said potential clients are already seeking its security services.

Soverus previously focused on providing only guarding services, but has expanded into a wider range of solutions, including private investigations, cyber security and IT forensics.

Three-quarters of its operations in Iskandar will be guarding services, while the remaining 25 per cent will be focused on mostly security technology and security consultancy.

Mr Paul Lim said: "Our mid-term plan is to set up a sizeable infrastructure with proper armoury and full-fledged training facilities."

Officers from Singapore and Malaysia will be able to train with their counterparts in both countries, in order to provide quality guards, he added.