Sheng Siong CEO ‘thankful’ towards kidnappers for not hurting his mum

Sheng Siong CEO ‘thankful’ towards kidnappers for not hurting his mum

Sunday, January 12, 2014 – 20:58


Lianhe Wanbao/AsiaOne

SINGAPORE – The CEO of the Sheng Siong supermarket chain, whose mother Ng Lai Poh was kidnapped and freed unhurt last Wednesday, told Lianhe Wanbao that he bears no grudges against the two men suspected to be behind the crime.

Lim Hock Chee, 52, even told the Chinese evening daily that he is thankful towards them for not hurting her during an ordeal that lasted more than 12 hours.

Speaking calmly during a telephone interview, Mr Lim sounded empathetic towards the alleged kidnappers, saying it was regrettable that their one mistake was going to cost them their future.

He told Lianhe Wanbao that the only victims of the incident were not just his 79-year-old mother, but the mother of one of the suspects as well.

Mr Lim is believed to be referring to Madam Seow, whose 41-year-old son Lee Sze Yong was arrested along with his accomplice, 50-year-old Heng Chen Boon last Thursday.

She had told Shin Min Daily News that the duo had been living together for more than 10 years with her in their Hougang flat, and that they were lovers.

When asked about how the safety of Madam Ng would be ensured after the kidnapping, Mr Lim told Lianhe Wanbao that he and his siblings will be holding a meeting to discuss measures, but that there are no specific plans yet.

While Mr Lim has no plans of hiring a bodyguard for his mother, his family will see to it that she does not go out alone from now on, reported Lianhe Wanbao.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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