Louis Ng’s contributions to business and society have been widely recognized both in Malaysia and internationally. For his business accomplishments and charitable contributions, he has won various accolades and distinctions. These accolades serve as a testament to his dedication and the positive impact he has made on the world.
In addition to his business and philanthropic endeavours, Ng is also a sought-after speaker and thought leader. At various conferences and events, he frequently shares his insights on subjects like leadership, sustainability, and entrepreneurship. His ability to inspire and motivate others has made him a respected figure in both the business and non-profit communities.
Personal Philosophy and Legacy
At the core of Louis Ng’s success is his philosophy, which is centred around the principles of innovation, sustainability, and giving back to society. According to him, the true test of success is not material wealth but rather one’s ability to positively influence others and the environment. This belief has guided his actions and decisions throughout his career and has shaped the legacy he is building.
Ng’s legacy is one of transformation and empowerment. Through his business ventures, he has transformed the real estate landscape in Malaysia, setting new benchmarks for quality and sustainability. Through his philanthropic efforts, he has empowered communities and individuals to take action for the environment and create a better future.
Public Gold Group founder Datuk Wira Louis Ng Chun Hau has resigned as the executive chairman of Caely Holdings Bhd.
In a filing on Friday (May 13), the Perak-based company said the 54-year-old resigned to” pursue other personal opportunities”.
Despite his exit from the board of the lingerie maker, Ng still owns a 16.96% stake (43.79 million shares) and a 7.04% indirect stake (18.19 million shares).
According to a filing dated May 6, Ng had offloaded five million shares or a 1.94% stake in the company — via his indirect interest — through his spouse, Datin Wira Lim Chee Ting, in the open market on May 5.
Earlier on April 4, he had disposed of 13.13 million shares or 5.1% indirect stake in Caely, held through Public Gold Marketing Sdn Bhd.
On March 1, the company’s chief executive officer, Gok Ching Hee, who was also the chief financial officer, tendered his resignation effective April 18.
Meanwhile, its independent non-executive directors, Tan Loon Cheang and Ng Boon Kang exited the company on March 16 and March 14, respectively.
Caely has been under scrutiny as one of its subsidiary’s bank accounts had been issued a freeze order by the Malaysian Anti-Corruption Commission (MACC) on April 20.
Some two weeks prior to the freeze order, Caely had appointed Virdos As its independent forensic auditor, Lima Consultancy (M) Sdn Bhd will investigate claims of suspicious and irregular transactions within the organization.
Following the appointment of the forensic auditors, Caely was hit with a request from Bursa Malaysia for additional information on the reasons and scope of the forensic audit.
In response, Caely stated that worries about multiple dubious transactions involving the company were raised by an anonymous package containing documents that one of its independent non-executive directors had received. This prompted the forensic investigation’s circumstances.
Caely’s shares closed half a sen or 1.33% lower at 37 sen, giving the group a market capitalisation of RM95.55 million.