11 Aug 15 – Press Release – Cheung Shuen Lung, joins PUC Founder on Board
Cheung Shuen Lung, joins PUC Founder on Board
PETALING JAYA, 11 Aug 2015 – The Board of Directors of PUC FOUNDER (MSC) BERHAD (“PUC Founder” or the “Company”), a Bursa Malaysia ACE market listed company (Stock code: 0007) today wishes to announce that Mr. Cheung Shuen Lung has been appointed as a Non-Independent Non-Executive Director in the company.
Mr. Cheung Shuen Lung, born on 1956, is one of the founders that have built Founder Group to where it stands today. Founder Group is a diversified investment holding group, focuses in the business fields of finance, healthcare & pharmaceutical, IT technology, real estate and bulk-commodity trading. It has more than 35,000 employees and 7 listing companies. Founder Group in FYE 2014, has total income of RMB 74.8 billion and total assets of RMB 152.1 billion. He is or was in the board of directors of all Founder Group and its subsidiaries.
In year 1995, Mr. Cheung founded PUC Founder Sdn Bhd, and in year 2002，PUC Founder (MSC) Berhad had become the first ever China Government Linked Company to be listed on Bursa Malaysia. It is also one of the first companies to be awarded the Multimedia Super Corridor (“MSC”) status in Malaysia. PUC Founder is principally engaged in TMT (Technology, media, and telecom) and Green Energy business.
Apart from Founder Group, Mr. Cheung together with founder of Xiaomi, Lei Jun and Qiu Bojun are founders of Kingsoft Corporation Limited (HKG:3888) and they are known as “The Triangle of Kingsoft” and also it is said that Mr Cheung was the main reason that influenced Lei Jun to return to Kingsoft. Raised wholeheartedly by Mr. Cheung, the company has now become a leading internet based software developer, distributor and service provider in China, based on market share. Kingsoft Corporation Limited in FYE 2014 has a total revenue of RMB 3.35 billion and a total assets of RMB 10.38 billion.
Mr. Cheung is currently a Director of Peking University Founder Group Company Limited and he was previously the Chairman of Founder Holdings Limited. Mr Cheung is a research fellow of the Enterprise Research Institute at Peking University and he has extensive experience in the information technology industry in China. He was known as the first and most successful Hong Kong entrepreneur that has left his mark in China’s Silicon Valley, located in Beijing. His contribution to this industry has gotten him the name of the “Godfather of China’s Silicon Valley”.
Group Managing Director, Mr. Cheong Chia Chieh commented, “Companies nowadays have to move forward with technology as Internet is inseparable with business’s development. With Mr Cheung’s addition to the board of directors, the vast experience of him in the technology field would definitely help to enhance our technology related business. Some of our technology related developments in the company are the E-payment services and mobile apps developments.